Zoned Residential Development
For Sale
Contact for pricing
3065 Sheridan Street, Detroit, MI 48214
Land parcel zoned R2 and sold together with 3059 Sheridan; the properties are not sold separately.
Property SizeContact for details
Days on Market881
Property Features for 3065 Sheridan Street
General Information
Standard status
Active
Property subtype
Land
Zoning
R2
Listing Agency:
RCH Brokerage Legacy Inc
(313) 510-7887
Listed By:
Leonard A Pickett · License #6501306589
(313) 510-7887
Source:
Compass
Added: Mar 16, 2024
Changed: Aug 8
Last Checked: Jul 20 at 5:00PM
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 residential land lot is being sold together with 3059 Sheridan Street, and the two parcels are not offered separately. Together, the combined area is listed as 6,625 square feet, and the parcel is zoned R2.
The property is located in Detroit’s historic Island View neighborhood, within walking distance of West Village shops and restaurants and Belle Isle.
As part of the Detroit Land Bank Authority process, buyers should review the proposal guidelines and related Neighborhood Framework Plans for context on new build opportunities and infill development. BATVAI is requested. Please note the DLBA is entitled to tax capture for the five tax years after transferring ownership, which may be incompatible with other tax abatements; requests to waive tax capture will be reviewed and may require a payment in lieu of taxes based on the development proforma and financing impacts. See attached documents for DLBA requirements and offer submission information.
The property is located in Detroit’s historic Island View neighborhood, within walking distance of West Village shops and restaurants and Belle Isle.
As part of the Detroit Land Bank Authority process, buyers should review the proposal guidelines and related Neighborhood Framework Plans for context on new build opportunities and infill development. BATVAI is requested. Please note the DLBA is entitled to tax capture for the five tax years after transferring ownership, which may be incompatible with other tax abatements; requests to waive tax capture will be reviewed and may require a payment in lieu of taxes based on the development proforma and financing impacts. See attached documents for DLBA requirements and offer submission information.
Key Highlights
- Land parcel is zoned R2 and is sold together with 3059 Sheridan; the properties are not sold separately.
- Sold as part of a combined 6,625 sq ft property total with 3059 Sheridan.
- Located in the historic Island View neighborhood, within walking distance to West Village shops and restaurants and Belle Isle.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
637
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Land parcel zoned R2 and sold together with 3059 Sheridan; the properties are not sold separately.
Where is this residential land & home lot located?
The property is located at 3065 Sheridan 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: Land parcel is zoned R2 and is sold together with 3059 Sheridan; the properties are not sold separately.; Sold as part of a combined 6,625 sq ft property total with 3059 Sheridan.; Located in the historic Island View neighborhood, within walking distance to West Village shops and restaurants and Belle Isle.
