2568 Alter Rd, Detroit, MI 48215

Check our these vacant residential lots (7) in a prime location right outside of Grosse Pointe and close to Downtown Detroit. The lots are being sold a bundle and include 2568, 2528, 2560, 2556, 2546, 2540, and 2534 Alter. Lots are adjacent to each other and must be purchased together. Total listing price is $5250. Please note that the DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing.