657 BLAINE Street Detroit, MI 48202

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 11:06PM

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MLS# 20240024434

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Investment Insights

Based on property information with market context.

This residential land is located in the North End neighborhood of Detroit, MI. The 0.15-acre lot is suitable for building a dream home or a multi-family development. The Detroit Land Bank Authority (DLBA) seeks proposals for small- to medium-scale infill development to increase housing supply, restore the urban fabric, density, and walkability. Interested buyers should consult the DLBA's 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 Detroit Land Bank Authority 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 property is zoned for residential use.

Key Highlights

• Opportunity to build a custom dream home or multi‑family development.
• Located in a bustling North End neighborhood.
• Situated in an area targeted for increased housing supply and urban restoration by the DLBA.

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FAQs

What type of property is this?

Residential land & home lot - Land available for residential development in Detroit's North End.

Where is this residential land & home lot located?

The property is located at 657 BLAINE 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: Opportunity to build a custom dream home or multi‑family development.; Located in a bustling North End neighborhood.; Situated in an area targeted for increased housing supply and urban restoration by the DLBA.