Residential Vacant Land
For Sale
Contact for pricing
620 Canton Street, Detroit, MI 48207
Vacant residential lot in Islandview, offered through the Detroit Land Bank for land activation proposals.
Property SizeContact for details
Days on Market809
Property Features for 620 Canton Street
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
Keller Williams Realty-Great Lakes
Listed By:
Erick Monzo · License #6501330189
(586) 808-6436
Source:
Compass
Added: Jul 26, 2024
Changed: Oct 10
Last Checked: Oct 11 at 9:20AM
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.
This offering is a vacant residential land lot in the Islandview neighborhood, marketed by the Detroit Land Bank. The DLBA is seeking proposals to support the activation and stewardship of vacant land sites, including urban agriculture, gardening, or beautification, for either profit or community activation. Interested buyers are directed to review the DLBA’s proposal guidelines and its Guide to Plot Plan, Site Design, and Maintenance.
The property is located minutes from Downtown Detroit, with walkScore and transitScore data reported as somewhat walkable and good transit, respectively. bikeScore is reported as bikeable.
The DLBA notes that it is entitled to a tax capture for the five tax years following transfer of ownership, and that the tax capture may be incompatible with other available tax abatement programs. The DLBA will consider requests to waive tax capture rights and may require a payment in lieu of taxes based on a development proforma and the effect of any tax abatement on purchase and development financing.
The property is located minutes from Downtown Detroit, with walkScore and transitScore data reported as somewhat walkable and good transit, respectively. bikeScore is reported as bikeable.
The DLBA notes that it is entitled to a tax capture for the five tax years following transfer of ownership, and that the tax capture may be incompatible with other available tax abatement programs. The DLBA will consider requests to waive tax capture rights and may require a payment in lieu of taxes based on a development proforma and the effect of any tax abatement on purchase and development financing.
Key Highlights
- Vacant residential lot in the Islandview neighborhood, offered through the Detroit Land Bank.
- DLBA is seeking proposals to activate and steward the site, including options such as urban agriculture, gardening, or beautification.
- Ownership transfer includes DLBA tax capture for the 5 tax years following transfer; buyers should review how this may interact with available tax abatements.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
757
Businesses Nearby
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Business Placement
Demographics for 48207, MI
21,704
Population
13,026
Households
1.7
Avg Household Size
42
Median Age
35%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
3,445
Density / Sq Mi
$44,561
Median Household Income
$43,377
Median Earnings
$1,040
Median Rent
$193,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Vacant residential lot in Islandview, offered through the Detroit Land Bank for land activation proposals.
Where is this residential land & home lot located?
The property is located at 620 Canton Street Detroit, MI.
What are key features of this property?
This property features: Vacant residential lot in the Islandview neighborhood, offered through the Detroit Land Bank.; DLBA is seeking proposals to activate and steward the site, including options such as urban agriculture, gardening, or beautification.; Ownership transfer includes DLBA tax capture for the 5 tax years following transfer; buyers should review how this may interact with available tax abatements.
