Residential Development Land
For Sale
Contact for pricing
3063 Seyburn Street, Detroit, MI 48214
Residential land available in Detroit’s Island View neighborhood for small- to medium-scale infill development proposals.
Property SizeContact for details
Days on Market717
Property Features for 3063 Seyburn Street
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
RCH Brokerage Legacy Inc
(313) 510-7887
Listed By:
Leonard A Pickett · License #6501306589
(313) 510-7887
Source:
Compass
Added: Aug 27, 2024
Changed: Aug 8
Last Checked: Jul 20 at 11:47PM
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 RCH Brokerage Legacy Inc
Investment Insights
Based on property information with market context.
This for-sale parcel is zoned and marketed as residential development land within Detroit’s Island View neighborhood. The Detroit Land Bank Authority (DLBA) is soliciting proposals for small- to medium-scale infill development aimed at increasing housing supply and restoring urban fabric, density, and walkability. Interested parties should review the DLBA proposal guidelines and the relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context.
The property is described as being within walking distance to West Village shops and restaurants, and Belle Isle.
Prospective purchasers should also note the DLBA entitlement to a tax capture for the five tax years following transfer of ownership. The tax capture may be incompatible with other tax abatement options. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes, with terms determined after review of the development pro forma and the effect of any tax abatement on purchase and development financing. Please see the attached documents for DLBA requirements and offer submission information.
The property is described as being within walking distance to West Village shops and restaurants, and Belle Isle.
Prospective purchasers should also note the DLBA entitlement to a tax capture for the five tax years following transfer of ownership. The tax capture may be incompatible with other tax abatement options. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes, with terms determined after review of the development pro forma and the effect of any tax abatement on purchase and development financing. Please see the attached documents for DLBA requirements and offer submission information.
Key Highlights
- Residential land in Detroit’s Island View neighborhood for small- to medium‑scale infill development proposals.
- Located within walking distance to West Village shops and restaurants and Belle Isle.
- Detroit Land Bank Authority (DLBA) is accepting proposals to increase housing supply and restore the urban fabric, density, and walkability.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
319
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Residential land available in Detroit’s Island View neighborhood for small- to medium-scale infill development proposals.
Where is this residential land & home lot located?
The property is located at 3063 Seyburn 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: Residential land in Detroit’s Island View neighborhood for small- to medium‑scale infill development proposals.; Located within walking distance to West Village shops and restaurants and Belle Isle.; Detroit Land Bank Authority (DLBA) is accepting proposals to increase housing supply and restore the urban fabric, density, and walkability.
