2 Locations

Strong multifamily redevelopment opportunity in Detroit’s Wildemere Park neighborhood with this pair of R2-zoned apartment buildings located at 2929 and 2939 Northwestern. Together, the properties offer a combined footprint of 0.25 acres, with 2929 Northwestern featuring a 5,271 sq ft lot building on a and 2939 Northwestern situated on a 5,720 sq ft lot. Positioned within the BBE 5.B Wildemere Park focus area, these buildings benefit from increased neighborhood investment and corridor improvement efforts, making them strong candidates for renovation, stabilization, or complete repositioning. With ample lot sizes, attached multifamily density, and proximity to major routes and community anchors, this combined 13-unit offering presents an excellent opportunity for developers seeking scalable value in an emerging residential district.

Sale is contingent upon execution of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after DLBA review of the development pro forma and financing.