The Land Bank does not get a lot of waterfront property to auction off on BuildingDetroit.org, but here is one that comes close. This 2,000 square-foot home is less than a block from the Detroit River and has four bedrooms and 1.5 bathrooms. There is an absolutely terrifying photo of the bathroom and a very appealing one of the fireplace. The open house is September 6 and bidding starts September 16 at $1,000. Remember that the Land Bank hates a speculator, so you must be a Michigan resident, a non-Michigan resident who will live in the property after rehab, or a company or organization authorized to do business in Michigan in order to bid on this property.