Infill Development
For Sale
Contact for pricing
2138 Hendricks Street, Detroit, MI 48207
Residential development lot sold as a bundle with 2142 Hendricks; separate sale is not available.
Property Size6,138 SF
Price / SF$2.39
Days on Market1596
Property Features for 2138 Hendricks Street
General Information
Standard status
Active
Size
6,138 SF
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: Apr 1, 2022
Changed: Aug 8
Last Checked: Jul 20 at 2:55PM
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 is a residential land offering positioned for infill housing development. The lot is bundled with 2142 Hendricks Street and is not sold separately.
The seller states that the buyer must submit an application to purchase, including construction plans or precedent architectural images of the proposed development, along with a financing plan supported by a POF, a pre-approval letter, or a new construction loan. The Detroit Land Bank Authority (DLBA) is entitled to a tax capture for the five tax years following transfer of ownership, and the seller notes the tax capture may be incompatible with other available tax abatements. 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 amount determined during review of the development pro forma and the impact of any tax abatement on financing.
See attached DLBA requirements and submit proposals through the Google Doc link referenced in the materials.
The seller states that the buyer must submit an application to purchase, including construction plans or precedent architectural images of the proposed development, along with a financing plan supported by a POF, a pre-approval letter, or a new construction loan. The Detroit Land Bank Authority (DLBA) is entitled to a tax capture for the five tax years following transfer of ownership, and the seller notes the tax capture may be incompatible with other available tax abatements. 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 amount determined during review of the development pro forma and the impact of any tax abatement on financing.
See attached DLBA requirements and submit proposals through the Google Doc link referenced in the materials.
Key Highlights
- Residential development lot sold as a bundle with 2142 Hendricks; not sold separately
- Total lot size for the bundled property is 6,138 sqft
- Buyer must submit an application to purchase, including construction plans or precedent architectural images and a financing plan with POF or pre‑approval
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
461
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
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Residential development lot sold as a bundle with 2142 Hendricks; separate sale is not available.
Where is this residential land & home lot located?
The property is located at 2138 Hendricks 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 development lot sold as a bundle with 2142 Hendricks; not sold separately; Total lot size for the bundled property is 6,138 sqft; Buyer must submit an application to purchase, including construction plans or precedent architectural images and a financing plan with POF or pre‑approval
