3525 PORTER Street Detroit, MI 48216

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 3:31AM Checked: Jul 23 at 3:06AM

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MLS# 20240024432

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Investment Insights

Based on property information with market context.

This residential land offers a build opportunity in the heart of Detroit's Mexicantown, near Corktown, the social district, and the renovated Ford train station. 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 the 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. The property is located at 3525 PORTER Street, Detroit, MI 48216. The lot size is 0.06 acres. The DLBA is entitled to a tax capture for the 5 tax years after transferring ownership. This tax capture 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. The zoning is residential.

Key Highlights

• Prime location in the heart of Mexicantown, close to Corktown, social district, and Ford train station.
• Opportunity for small- to medium‑scale infill development to increase housing supply.
• A chance to restore the urban fabric, density, and walkability of the neighborhood.

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FAQs

What type of property is this?

Residential land & home lot - Build opportunity in Mexicantown, close to Corktown and Ford station.

Where is this residential land & home lot located?

The property is located at 3525 PORTER 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: Prime location in the heart of Mexicantown, close to Corktown, social district, and Ford train station.; Opportunity for small- to medium‑scale infill development to increase housing supply.; A chance to restore the urban fabric, density, and walkability of the neighborhood.