$15,000

DLBA-owned vacant land offered through the Detroit Land Bank Authority (DLBA) Marketed Property Program. This offering includes two (2) residential parcels located at 268 & 272 E Grand Blvd in Detroit's Islandview neighborhood. Properties must be sold together for a total purchase price of $30,000 ($15,000 each), presenting an excellent opportunity for new construction infill development in a highly desirable and growing area. The site includes: 268 E Grand Blvd: approximately 50' x 155' 272 E Grand Blvd: approximately 50' x 155' Combined, the parcels offer approximately 100 feet of frontage and 155 feet of depth, providing strong flexibility for single-family or potential multi-unit development (subject to zoning and City approval), consistent with neighborhood revitalization goals. The surrounding area features a mix of occupied homes, renovations, and new construction activity, supporting strong long-term residential demand. Located in the Islandview neighborhood, the property benefits from close proximity to the Detroit River, Belle Isle, West Village, and Downtown Detroit, along with nearby parks, schools, restaurants, and neighborhood amenities. Buyer must submit a complete DLBA proposal package including: project description with intended use and construction timeline, proof of funds (bank statement or lender letter), site plan or concept drawings, and documentation of prior similar projects (addresses and photos). Sale is contingent upon execution of a DLBA Development Agreement and compliance with all City of Detroit permitting and approval requirements. Property sold as-is. DLBA retains the right to tax recapture for five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests are reviewed on a case-by-case basis and may require payment in lieu of taxes subject to DLBA review of project financing and development pro forma. Buyers are encouraged to review applicable Neighborhood Framework Plan