Infill Residential Development
For Sale
$50,000
3021 Beals Street, Detroit, MI 48214
Five residential lots are offered for infill development in Detroit’s West Village NEZ.
Property SizeContact for details
Days on Market849
Property Features for 3021 Beals Street
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
Bellabay Realty Tri Counties
(313) 204-0310
Listed By:
Natasha C Richards · License #6502385914
(313) 204-0310
Source:
Compass
Added: Apr 17, 2024
Changed: Aug 8
Last Checked: Jul 12 at 3:00AM
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 Bellabay Realty Tri Counties
Investment Insights
Based on property information with market context.
The offering consists of five residential lots for sale, including 3021, 3027, 3011, 3017, and 3035 Beals. The public remarks indicate a development concept intended to define space meaningfully and be designed to complement the community’s character.
The property is located in the West Village Neighborhood Enterprise Zone (NEZ). The remarks also note that the DLBA is entitled to a tax capture for five tax years after transferring ownership, and that any request to waive the tax capture rights may require a payment in lieu of taxes based on the development pro forma and the effect of any tax abatement on purchase and development financing.
The property is located in the West Village Neighborhood Enterprise Zone (NEZ). The remarks also note that the DLBA is entitled to a tax capture for five tax years after transferring ownership, and that any request to waive the tax capture rights may require a payment in lieu of taxes based on the development pro forma and the effect of any tax abatement on purchase and development financing.
Key Highlights
- Five residential lots offered for infill development in Detroit’s West Village Neighborhood Enterprise Zone (NEZ)
- Includes lots at 3021, 3027, 3011, 3017, and 3035 Beals
- DLBA is entitled to a tax capture for the 5 tax years following transfer of ownership
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
387
Businesses Nearby
Explore this area
Business Placement
Demographics for 48214, MI
18,959
Population
13,279
Households
1.4
Avg Household Size
44
Median Age
27%
College-Educated
84%
High-School Grad
5.1 sq mi
ZIP Area
3,717
Density / Sq Mi
$34,807
Median Household Income
$36,625
Median Earnings
$818
Median Rent
$120,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Five residential lots are offered for infill development in Detroit’s West Village NEZ.
Where is this residential land & home lot located?
The property is located at 3021 Beals Street Detroit, MI.
What is the asking price?
The asking price for this property is $50,000.
What are key features of this property?
This property features: Five residential lots offered for infill development in Detroit’s West Village Neighborhood Enterprise Zone (NEZ); Includes lots at 3021, 3027, 3011, 3017, and 3035 Beals; DLBA is entitled to a tax capture for the 5 tax years following transfer of ownership
