This great investment opportunity is located in a growing and vibrant community, located a few minutes from Downtown Detroit, Corktown and major expressways, I-75 and I-96. Zoned for Residential and Multifamily projects. Lot size is 30x151.56. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. 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 great investment opportunity is located in a growing and vibrant community, located a few minutes from Downtown Detroit, Corktown and major expressways, I-75 and I-96. Zoned for Residential and Multifamily projects. Lot size is 30x130. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. 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.
Zoned B4, Commercial build opportunity within walking distance from Corktown, Social District, and Ford Train Station! Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. 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.
Great build opportunity located within walking distance of Detroit's Corktown, social district, and the newly renovated Ford train station. This property is surrounded by some newer built homes where values are on the rise! The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. Please note that the Detroit Land Bank Authority 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 abatements that are otherwise available to the selected purchaser. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.
New Development Opportunity close to Corktown, transportation, freeways and future major developing areas. Sale includes 3363 and 3369 Roosevelt. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. Please note that the Detroit Land Bank Authority 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 abatements that are otherwise available to the selected purchaser. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.
Great building opportunity in the Woodbridge neighborhood! Enjoy the amenities of living nearby businesses/restaurants such as Willa Flora Farm, Ochre Bakery, Fisheye Vegetable Farm, Yoga Studio, Core City Park, Velvet Tower, Brazilian Jiu-Jitsu, and Argentinian restaurant Barda. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. Please note that the Detroit Land Bank Authority 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 abatements that are otherwise available to the selected purchaser. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.
3 Income Properties for the Price of 1 & 3 lots totaling $24,900. Addresses include 5709, 5761, 5767, 5773, and 5781 Missouri. Close to historic Grand River, Downtown, Motown Museum, city parks, major freeways and more! Homes will not be sold separately, NO Exceptions! Each deed shall represent a sale price of $8,300 per property. Sale contingent on buyer/seller executed development agreement. Please note that the Detroit Land Bank Authority 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 abatements and lot combinations 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 abatements on the purchase and development financing.
Great building opportunity in the Woodbridge neighborhood! The lot is zoned residential, R2. Enjoy the amenities of living nearby businesses/restaurants such as Willa Flora Farm, Ochre Bakery, Fisheye Vegetable Farm, Yoga Studio, Core City Park, Velvet Tower, Brazilian Jiu-Jitsu, and Argentinian restaurant Barda. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. Please note that the Detroit Land Bank Authority 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 abatements that are otherwise available to the selected purchaser. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.
New Development Opportunity close to Corktown, transportation, freeways and future major developing areas. 7 lots are included in the sale, 4745, 4757, 4763, 4769, Tillman and 4770, 4762 and 4752 23rrd. Sale contingent on buyer/seller executed development agreement. Please note that the Detroit Land Bank Authority 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 abatements and lot combinations 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 abatements on the purchase and development financing.
Great development opportunity in the New Center Area. 3 lots to be sold together, 5287 Stanton, 2525 Edsel Ford, 5278 Stanton. Lots cannot be separated. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. Please note that the Detroit Land Bank Authority 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 abatements that are otherwise available to the selected purchaser. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing
Looking for a new build infill opportunity in Cork town? Sale includes 4 lots that cannot be sold separately, 5286 Stanton, 5278 Stanton, 5268 Stanton and 5260 Stanton. BUILDING SHOULD DEFINE SPACE IN MEANINGFUL WAY. BUILDING SHOULD BE DESIGNED TO COMPLEMENT COMMUNITY.PROVIDE A DIVERSE RESIDENTIAL STOCK AND DENSITY AT A VARIETY OF PROCEDURE OF PRICES POINTS, OWNERSHIP TYPES(I.E.RENT,OWN),HOUSING TYPES. DENSITIES SHALL SUPPORT OPPORTUNITIES FOR NEIGHBORHOOD COMMERICAL INVESTMENTS & JOBS CREATION, STIMULATING GROWTH IN LOCAL ECONOMY. 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 & MAY REQUIRE A PAYMENT IN LIEU OF TAXES TO APPROVE SUCH REQUESTS.THE PAYMENT WILL BE DETERMINED UPON REVIEWING THE DEVELOPMENT PROFORMA & EFFECT OF ANY TAX ABATEMENT ON THE PURCHASE AND DEVELOPMENT FINANCING.SEE ADDITIONAL ATTACHED DOCS
Are you ready for an awesome build opportunity? 7 lots available for your vision include 2417 W. Edsel Ford Fwy, 5281 16th, 5275 16th, 5269 16th, 5263 16th, 5257 16th, 5251 16th. Lots cannot be sold separate. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. Please note that the Detroit Land Bank Authority 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 abatements that are otherwise available to the selected purchaser. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing
Want to Be in the Heart of it All, Now's Your Opportunity to build in a thriving community and includes 2221 W. Grand Blvd and 7322 Lawton. Close to Motown Museum, Henry Ford Hospital, New Center/Downtown Area. The DLBA is seeking proposals that are for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. 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.
3 Income Properties for the Price of 1 & 3 lots totaling $24,900. Addresses include 5618, 5761, 5767, 5773, and 5781 Missouri. Close to historic Grand River, Downtown, Motown Museum, city parks, major freeways and more! Homes will not be sold separately, NO Exceptions! Each deed shall represent a sale price of $8,300 per property. Sale contingent on buyer/seller executed development agreement. Please note that the Detroit Land Bank Authority 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 abatements and lot combinations 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 abatements on the purchase and development financing.
3 Income Properties for the Price of 1 & 3 lots totaling $24,900. Addresses include 5618, 5709, 5767, 5773, and 5781 Missouri. Close to historic Grand River, Downtown, Motown Museum, city parks, major freeways and more! Homes will not be sold separately, NO Exceptions! Each deed shall represent a sale price of $8,300 per property. Sale contingent on buyer/seller executed development agreement. Please note that the Detroit Land Bank Authority 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 abatements and lot combinations 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 abatements on the purchase and development financing.
Looking for a new build infill opportunity in Historic North Cork town? 4 lots located in an area of new construction properties where you can complete the block. Sale includes 3967, 3973, 3979 & 3985 17th. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit�s Planning and Development Department for additional context about the neighborhood. Please note that the Detroit Land Bank Authority 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 abatements that are otherwise available to the selected purchaser. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.
Here is a fantastic opportunity to have the only commercial building on the block in Chadsey Condon. This 7k square foot building could have many uses. Use your imagination to bring this property back to life. This could be ideal for a restaurant, party store, event space. It used to be home to the famous Jimmy's Soul Food. Zoning is B2 which provides many options. Property needs rehab but the bones are in great shape.
AMAZING REDEVELOPMENT OPPORTUNITY ON THIS 27 UNIT BUILDING IN THE GRAND BLVD/ MCGRAW CORRIDOR. WEST OF WAYNE STATE, WOODBRIDGE, NW GOLDBERG AND SOUTH OF CORKTOWN. MANY DEVELOPMENTS PLANNED IN THE AREA. THE BUILDING NEEDS A FULL REHAB. GREAT UNIT MIX AND GENEROUS APARTMENTS SIZES. ADDITIONAL SPACE IN THE LOWER LEVEL TO ADD UNITS. SELLER HAS PLANS FOR AN ADDITIONAL NEW 38 UNIT BUILDING AND SEVERAL TRI PLEXES NEXT DOOR. Expenses estimated at 6% mgmt fee = $19,872. Taxes $20,000. Insurance $15,000. Rehab estimated at $1 Million. Total $1,675 Million (16.7 Cap)
AMAZING REDEVELOPMENT OPPORTUNITY ON THIS 27 UNIT BUILDING IN THE GRAND BLVD/ MCGRAW CORRIDOR. WEST OF WAYNE STATE, WOODBRIDGE, NW GOLDBERG AND SOUTH OF CORKTOWN. MANY DEVELOPMENTS PLANNED IN THE AREA. THE BUILDING NEEDS A FULL REHAB. GREAT UNIT MIX AND GENEROUS APARTMENTS SIZES. ADDITIONAL SPACE IN THE LOWER LEVEL TO ADD UNITS. SELLER HAS PLANS FOR AN ADDITIONAL NEW 38 UNIT BUILDING AND SEVERAL TRI PLEXES NEXT DOOR. Expenses estimated at 6% mgmt fee = $19,872. Taxes $20,000. Insurance $15,000. Rehab estimated at $1 Million. Total $1,675 Million (16.7 Cap)
65 Unit apartment. Needs full rehab. Parking in rear. Income and expenses are estimated. 20 Studios @ $800= $16,000 45 1 bedrooms @ $900 = $40,500. Total monthly income $56,500. Mgmt Fee 6%= $40,680, Taxes $15,700, Ins $20,000, untilities $5,000.
Located in the heart of Detroit, this 9,000 square foot building was formerly a funeral home and is a great opportunity for investors. The building could remain a commercial operation, be utilized as professional office space or be rezoned for multi-family use. It has a private onsite parking lot and is easily accessible. The building has been maintained throughout its life and is in good condition. Across the street from Wayne State Field House and Athletic Club. Don't miss this prime location, close to downtown Detroit with all the amenities the city has to offer! Professional sports, world class casinos and decades or entertainment history just blocks away!
Woodbridge Turnkey Development Opportunity! Arise Woodbridge is a 10-townhome development project located at the corner of Trumbull & Lysander. Trumbull Avenue offers great amenities and the site proximity from Midtown and Wayne State university is very attractive to potential condo buyers. Located on a corner lot, the project site is also very visible from traffic up and down Trumbull avenue. Perfect for a new developer or a GC, the project is ready to go with construction drawings, condo docs, and NEZ certificates. This unique townhome concept by CH Architects blends nicely in the historic Woodbridge neighborhood while offering a modern design, attractive to condo buyers. The project has been engineered with the help of the expert development team at Berkshire Hathaway The Loft Warehouse and comes with a complete marketing package, including branding, logo, visual identity, website and marketing assets. Land includes 3 parcels: 4515 Trumbull (08005871), 4503 Trumbull (08005872) and 1520 Lysander (08001275).
Situated in a prime location just minutes from Corktown, the Core Cities neighborhoods, and the newly established Ford Mobility Center at Michigan Central train station, this unique offering spans an entire 3.72-acre city block with direct access from Mack Ave and I-96. Perfect for residential or mixed-use projects, the site neighbors land bank parcels, opening the door to shape a fresh neighborhood in Detroit's dynamic landscape. Currently zoned as M3 (General Industrial) and steeped in history as the former Thorn Apple Valley meat smoking factory, it offers both nostalgic charm and vast developmental potential. To streamline the acquisition, the seller is providing favorable financing options, ready to hold at a competitive 6 interest. A stellar opportunity for developers to spearhead Detroit's urban revival.
ASK ABOUT OUR $10K UPGRADE CREDIT INCENTIVE AND SPECIAL FINANCING OPTIONS WITH OUR PREFERRED LENDER. Sycamore Park is a high-quality townhome community with proximity to many popular restaurants, shops, and entertainment. This stylish 2 story, 2 bedrooms, 2.5 baths features a private courtyard, rooftop terrace, and 1-car detached garage with 1 car tandem surface parking spot. The living, kitchen, dining, and powder room are on the ground level. 2 bedrooms and 2 full baths, plus laundry room on the second level. Entry to rooftop terrace on the third level. Principal Residents qualify for a 15 year NEW CONSTRUCTION NEZ PROPERTY TAX ABATEMENT. Construction started November 2023 and will be completed in Early 2025. You can easily reserve your townhouse now with a fully refundable $5,000 deposit.
Vacant Land located in the Woodbridge neighborhood. Addresses included in subject listing are: 5173 Wabash, 5167 Wabash, 5159 Wabash. Lots are each approximately .14 acres each. Total purchase price is $39,900. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit�s Planning and Development Department for additional context about the neighborhood. 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.
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 48208 has a population of 645,658. Detroit 48208 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 48208 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 48208 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.