Infill Development
For Sale
Contact for pricing
3223 Meldrum Street, Detroit, MI 48207
Vacant infill lot offered by the Detroit Land Bank Authority for small- to medium-scale new housing development.
Property SizeContact for details
Lot Size0.10 Acres
Days on Market707
Property Features for 3223 Meldrum Street
General Information
Standard status
Active
Lot size
0.10 Acres
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: Sep 6, 2024
Changed: Aug 8
Last Checked: Jul 20 at 4:32PM
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.
This is a vacant infill lot offered for sale by the Detroit Land Bank Authority. The property is described as an Islandview infill lot with dimensions of 30 by 140, intended for small- to medium-scale infill development.
The Detroit Land Bank Authority is seeking proposals aligned with increasing housing supply and restoring the urban fabric, including density and walkability. Interested buyers are directed to review DLBA proposal guidelines for new build opportunities, along with relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional neighborhood context.
Please note that the DLBA states it is entitled to a tax capture for the five tax years following transfer of ownership, and that this tax capture may be incompatible with tax abatements and/or lot combinations otherwise available to a selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests, with the payment determined based on the development proforma and the effect of any tax abatements on purchase and development financing.
The Detroit Land Bank Authority is seeking proposals aligned with increasing housing supply and restoring the urban fabric, including density and walkability. Interested buyers are directed to review DLBA proposal guidelines for new build opportunities, along with relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional neighborhood context.
Please note that the DLBA states it is entitled to a tax capture for the five tax years following transfer of ownership, and that this tax capture may be incompatible with tax abatements and/or lot combinations otherwise available to a selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests, with the payment determined based on the development proforma and the effect of any tax abatements on purchase and development financing.
Key Highlights
- Vacant Islandview infill lot offered by the Detroit Land Bank Authority
- Lot size is 30 x 140
- DLBA is seeking small- to medium‑scale infill development to increase housing supply
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Vacant infill lot offered by the Detroit Land Bank Authority for small- to medium-scale new housing development.
Where is this residential land & home lot located?
The property is located at 3223 Meldrum 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: Vacant Islandview infill lot offered by the Detroit Land Bank Authority; Lot size is 30 x 140; DLBA is seeking small- to medium‑scale infill development to increase housing supply
