R3 Zoned Infill Development
For Sale
Contact for pricing
11845 La Salle Boulevard, Detroit, MI 48206
Residentially zoned R3 lot offered for small- to medium-scale infill development proposals.
Property SizeContact for details
Days on Market831
Property Features for 11845 La Salle Boulevard
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: May 5, 2024
Changed: Aug 8
Last Checked: Jul 21 at 1:26AM
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 offering is for residential land zoned R3. The Detroit Land Bank Authority is seeking proposals for small- to medium-scale infill development intended to increase housing supply and restore elements of the urban fabric, including density and walkability. Interested buyers should review the DLBA’s proposal guidelines for new-build opportunities and the Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context.
Per DLBA requirements, all offers must be supported by Proof of Funds with funds meeting or exceeding development costs. The DLBA also retains an entitlement to a tax capture for the five tax years following transfer of ownership, which may be incompatible with other tax abatement that may be available to a selected purchaser. DLBA will consider requests to waive its tax capture rights and may require a payment in lieu of taxes, determined based on the development pro forma and the effect of any tax abatement on purchase and development financing.
For full submission requirements and DLBA terms, please see the attached documents. BATVAI.
Per DLBA requirements, all offers must be supported by Proof of Funds with funds meeting or exceeding development costs. The DLBA also retains an entitlement to a tax capture for the five tax years following transfer of ownership, which may be incompatible with other tax abatement that may be available to a selected purchaser. DLBA will consider requests to waive its tax capture rights and may require a payment in lieu of taxes, determined based on the development pro forma and the effect of any tax abatement on purchase and development financing.
For full submission requirements and DLBA terms, please see the attached documents. BATVAI.
Key Highlights
- Zoned R3 for residential use.
- DLBA seeks small- to medium‑scale infill development proposals to increase housing supply and restore urban fabric.
- Development offers must include Proof of Funds meeting or exceeding development costs.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
309
Businesses Nearby
Explore this area
Business Placement
Demographics for 48206, MI
15,712
Population
10,784
Households
1.5
Avg Household Size
38
Median Age
24%
College-Educated
89%
High-School Grad
3.1 sq mi
ZIP Area
5,068
Density / Sq Mi
$43,702
Median Household Income
$36,674
Median Earnings
$923
Median Rent
$102,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Residentially zoned R3 lot offered for small- to medium-scale infill development proposals.
Where is this residential land & home lot located?
The property is located at 11845 La Salle Boulevard 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: Zoned R3 for residential use.; DLBA seeks small- to medium‑scale infill development proposals to increase housing supply and restore urban fabric.; Development offers must include Proof of Funds meeting or exceeding development costs.
