Buildable parcels are available for use in home, garage, or commercial building construction. Non-buildable parcels can be used to add driveways, enlarge current adjacent properties, add fencing, gardening, or landscaping, or to expand parking facilities. The cost of the lot is dependent on its size and usage:
Non-buildable lots are sold for $1 to adjacent property owners
Buildable lots for yard expansion are sold for $10 per foot
Buildable lots requested for new housing construction are sold for $100
Land bank lots acquired by religious institutions are sold for $100
Land bank lots acquired for interim uses such as community gardens are leased or licensed under negotiated terms and conditions at a nominal cost
Property for commercial use requires an appraisal to determine the sales price
The sale of all lots will also incur fees for recording costs.
Land Bank Purchase Procedure
Adjacent property owners and those interested in commercial or residential construction on a land bank parcel must submit a written proposal to the Department of Community Development. These steps must be completed to complete a purchase:
Prospective buyer completes application and submits proposal
The Councilperson for the parcel's area is contacted and informed
Prosective buyer is informed of property's fair market value
Buyer must be able to afford the new development, be current on property taxes and have no outstanding housing code violations
Proposal is evaluated to determine if the development is suitable for the neighborhood. Proposed improvements may be subject to the City's design review process
Proposals from adjacent property owners are submitted to a neighborhood resident advisory committee for review
Legislation is introduced and passed by City Council
Upon approval, a purchase agreement and deed are drawn up and signed and the parcel becomes property of the interested party
We are committed to improving the quality of life in the City of
Cleveland by strengthening our neighborhoods through successful
housing rehabilitation efforts, commercial rehabilitation efforts, new housing
construction, homeownership, and community focused human services.
