Vacant lot with amazing potential. Build your own home. The possibilities are endless. Progressive Area.
Expansive land opportunity featuring almost two full acres. A blank canvas prime location multiple business possibilities. Maximum exposure on well-traveled Outer Drive makes this a great investment opportunity. Three minutes from the new Amazon facility, I75, and around the corner from neighboring Chrysler/Stellantis. Nine-minute drive to Detroit City Airport (currently undergoing a multimillion-dollar transformation), amid residential family neighborhoods and Recreational facilities and Parks, ... the business opportunities are vast.
Check out this latest offering from the Detroit Land Bank Authority located at 8 Mile and Mound. This FIVE lot bundle is conveniently located near the Chrysler Assembly Plant and expressway making commutes to work or downtown easy. 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. THIS BUNDLE INCLUDES 20511 CALDWELL, 20505 CALDWELL, 20500 BUFFALO, 20512 BUFFALO, AND 20522 BUFFALO AND MUST BE PURCHASED TOGETHER. TOTAL LISTING PRICE IS $5,400.
The median home value in Detroit, MI is $71,600. This is lower than the county median home value of $150,200. The national median home value is $338,100. The average price of homes sold in Detroit, MI is $71,600. Approximately 36.89% of Detroit homes are owned, compared to 39.44% rented, while 23.66% are vacant. Detroit real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Detroit real estate agent to arrange a tour today!
Detroit, Michigan 48234 has a population of 645,658. Detroit 48234 is less family-centric than the surrounding county with 16.17% of the households containing married families with children. The county average for households married with children is 25.56%.
The median household income in Detroit, Michigan 48234 is $34,762. The median household income for the surrounding county is $52,830 compared to the national median of $69,021. The median age of people living in Detroit 48234 is 35 years.
The average high temperature in July is 83.5 degrees, with an average low temperature in January of 18.5 degrees. The average rainfall is approximately 33.5 inches per year, with 33 inches of snow per year.