2005 POPLAR Street Detroit, MI 48208

Listing agent Erick Monzo Show Phone

Listing office Keller Williams Realty-Great Lakes j***@kw.com 28220 Harper, St. Clair Shores, MI Show Phone

Listing date Jan 23, 2024

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MLS# 20240003629 Listing URL

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Investment Insights

Based on property information with market context.

Two vacant land parcels, totaling 0.12 acres, are available in Core City. The properties are located at 2005 Poplar and 2007 Poplar. The Detroit Land Bank Authority (DLBA) is seeking proposals for small- to medium-scale infill development. The goal is to increase housing supply and restore the urban fabric, as well as density and walkability. Interested buyers should consult the DLBA's 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. 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 lots will not be sold separately.

Key Highlights

• Two vacant land parcels (0.12 acres total) in Core City offered as a bundle.
• Opportunity for small- to medium‑scale infill development to increase housing supply.
• Located in an area with goals of restoring urban fabric, density, and walkability.

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FAQs

What type of property is this?

Residential land & home lot - Two vacant land parcels totaling 0.12 acres in Detroit.

Where is this residential land & home lot located?

The property is located at 2005 POPLAR Street Detroit, MI.

What is the asking price?

The asking price for this property is Off market.

What are key features of this property?

This property features: Two vacant land parcels (0.12 acres total) in Core City offered as a bundle.; Opportunity for small- to medium‑scale infill development to increase housing supply.; Located in an area with goals of restoring urban fabric, density, and walkability.