Development-Ready Residential Land
For Sale
Contact for pricing
1777 Canton Street, Detroit, MI 48207
DLBA requires new single-family or multi-family development to be completed within 540 days of closing.
Property SizeContact for details
Days on Market849
Property Features for 1777 Canton Street
General Information
Standard status
Active
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: Apr 17, 2024
Changed: Aug 8
Last Checked: Jul 20 at 2:04PM
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 for-sale land parcel is located in the Island View neighborhood of Detroit. Development must result in a new Single Family Residence or Multi-Family project, with completion required within 540 days of closing per DLBA requirements.
The seller requires offers to be supported by Proof of Funds for both the purchase price and the construction costs. A new build proposal with visual renderings must accompany the offer, along with construction plans or precedent architectural images of the proposed development.
The sale is open to homeowners, investors, and developers, and is contingent on execution of a Development Agreement between buyer and seller. Additional seller addenda are to be provided upon acceptance of a qualifying offer.
The seller requires offers to be supported by Proof of Funds for both the purchase price and the construction costs. A new build proposal with visual renderings must accompany the offer, along with construction plans or precedent architectural images of the proposed development.
The sale is open to homeowners, investors, and developers, and is contingent on execution of a Development Agreement between buyer and seller. Additional seller addenda are to be provided upon acceptance of a qualifying offer.
Key Highlights
- DLBA requires new single‑family or multi‑family development to be completed within 540 days of closing.
- Seller requires a new build proposal with visual renderings submitted with the offer.
- Buyer must provide construction plans or precedent architectural images of the proposed development.
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 - DLBA requires new single-family or multi-family development to be completed within 540 days of closing.
Where is this residential land & home lot located?
The property is located at 1777 Canton 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: DLBA requires new single‑family or multi‑family development to be completed within 540 days of closing.; Seller requires a new build proposal with visual renderings submitted with the offer.; Buyer must provide construction plans or precedent architectural images of the proposed development.
