3539 LOVETT Street Detroit, MI 48210

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

Listed by Natasha C Richards · License #6502385914 Show Phone

Added: Apr 7, 2025 Updated: May 13 at 3:30AM Checked: Jul 23 at 1:06AM

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MLS# 20250023681

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Investment Insights

Based on property information with market context.

Eight lots totaling over 35,000 square feet are available, presenting a prime opportunity for development. Situated close to Corktown and downtown Detroit, the land is an attractive investment. Addresses included are 3539, 3555, 3533, 3545, 3549, 3561, 3567, and 3573 Lovett. The Detroit Land Bank Authority (DLBA) is seeking proposals for small- to medium-scale infill development, with the goal of increasing housing supply, restoring the urban fabric, and enhancing density and walkability. 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. The DLBA is entitled to a tax capture for the 5 tax years following property ownership transfer, which may affect tax abatements or lot combinations. The DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes, determined upon reviewing the development proforma and the effect of any tax abatements on financing. Refer to DLBA proposal guidelines for more information. The property is zoned residential.

Key Highlights

• Large land parcel: Over 35,000 square feet across 8 lots
• Prime location: Close to Corktown and downtown Detroit
• Investment opportunity: Attractive for infill development projects

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FAQs

What type of property is this?

Residential land & home lot - Eight residential lots near Corktown and downtown Detroit.

Where is this residential land & home lot located?

The property is located at 3539 LOVETT Street Detroit, MI.

What is the asking price?

The asking price for this property is $120,000.

What are key features of this property?

This property features: Large land parcel: Over 35,000 square feet across 8 lots; Prime location: Close to Corktown and downtown Detroit; Investment opportunity: Attractive for infill development projects