Four Vacant Land
For Sale
Contact for pricing
1944 PUTNAM Street, Detroit, MI 48208
Four vacant land parcels in Woodbridge neighborhood for infill development.
Property SizeContact for details
Lot Size0.28 Acres
Days on Market910
Property Features for 1944 PUTNAM Street
General Information
Standard status
Active
Lot size
0.28 Acres
Property subtype
Lots/Land
Listing Agency:
Keller Williams Realty-Great Lakes
(586) 210-3350
Listed By:
Erick Monzo · License #6501330189
(586) 210-3350
Source:
Exitrealty
Added: Feb 15, 2024
Changed: Aug 8
Last Checked: Jul 16 at 6:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty-Great Lakes
Investment Insights
Based on property information with market context.
Four vacant land parcels are available in the Woodbridge neighborhood, including properties at 1944 Putnam, 5104 Vermont, 5114 Vermont, and 5120 Vermont. The lots average approximately 0.10 acres each. The properties are offered at a total purchase price of $29,900. 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 proposal guidelines for new build opportunities. The DLBA 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, which may be incompatible with tax abatements. The 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.
Key Highlights
- Four vacant land parcels in Woodbridge, perfect for development.
- Priced at $29,900 for all four lots.
- Great opportunity for infill development to increase housing.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
Explore this area
Business Placement
Demographics for 48208, MI
8,090
Population
5,226
Households
1.5
Avg Household Size
37
Median Age
27%
College-Educated
79%
High-School Grad
3.2 sq mi
ZIP Area
2,528
Density / Sq Mi
$29,742
Median Household Income
$39,526
Median Earnings
$842
Median Rent
$186,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Four vacant land parcels in Woodbridge neighborhood for infill development.
Where is this residential land & home lot located?
The property is located at 1944 PUTNAM 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: Four vacant land parcels in Woodbridge, perfect for development.; Priced at $29,900 for all four lots.; Great opportunity for infill development to increase housing.
