1790 PUTNAM Street Detroit, MI 48208

Listing agency Bellabay Realty Tri Counties n***@comcast.net Show Phone

Listed by Natasha C Richards · License #6502385914 Show Phone

Added: Apr 17, 2024 Updated: May 13 at 3:30AM Checked: Jul 22 at 4:06PM

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MLS# 20240024509

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Investment Insights

Based on property information with market context.

This residential land offers a great building opportunity in Detroit's Woodbridge neighborhood. Zoned residential (R2), the lot is situated near various businesses and restaurants, including Willa Flora Farm, Ochre Bakery, Fisheye Vegetable Farm, Yoga Studio, Core City Park, Velvet Tower, Brazilian Jiu-Jitsu, and Argentinian restaurant Barda. Measuring 0.09 acres, the property is located in Wayne County. The Detroit Land Bank Authority (DLBA) seeks proposals for small- to medium-scale infill development to increase housing supply, restore the urban fabric, and enhance density and walkability. Interested buyers should consult proposal guidelines for new build opportunities and review relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional neighborhood context. 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, which may be incompatible with other tax abatements. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.

Key Highlights

• Residential R2 zoning offers a building opportunity in the Woodbridge neighborhood.
• Proximity to businesses/restaurants including Willa Flora Farm, Ochre Bakery, and Barda.
• Opportunity for small- to medium‑scale infill development to increase housing supply.

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FAQs

What type of property is this?

Residential land & home lot - Residential land in Detroit's Woodbridge neighborhood, great building opportunity.

Where is this residential land & home lot located?

The property is located at 1790 PUTNAM Street Detroit, MI.

What is the asking price?

The asking price for this property is $30,000.

What are key features of this property?

This property features: Residential R2 zoning offers a building opportunity in the Woodbridge neighborhood.; Proximity to businesses/restaurants including Willa Flora Farm, Ochre Bakery, and Barda.; Opportunity for small- to medium‑scale infill development to increase housing supply.