Residential Build Lots
For Sale
$80,000
13242 Buffalo Street, Hamtramck, MI 48212
Sale includes four residential lots, each 34-by-100, for new construction opportunities near Hamtramck.
Property SizeContact for details
Days on Market860
Property Features for 13242 Buffalo 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 1:21PM
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.
For sale is a build-ready residential land package comprising four lots: 13242, 13234, 13250, and 13256 Buffalo Street. Each lot is 34 feet by 100 feet, creating a combined opportunity for new home construction subject to the buyer’s development plan.
The offering is described as located close to Hamtramck, with buyers advised to consult the DLBA proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional neighborhood context.
Please note the DLBA is entitled to a tax capture for the five tax years following transfer of ownership. That tax capture may be incompatible with other tax abatements available to the selected purchaser. The DLBA will review requests to waive tax capture rights and may require a payment in lieu of taxes, determined after reviewing the development pro forma and the effect of any tax abatement on purchase and development financing.
The offering is described as located close to Hamtramck, with buyers advised to consult the DLBA proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional neighborhood context.
Please note the DLBA is entitled to a tax capture for the five tax years following transfer of ownership. That tax capture may be incompatible with other tax abatements available to the selected purchaser. The DLBA will review requests to waive tax capture rights and may require a payment in lieu of taxes, determined after reviewing the development pro forma and the effect of any tax abatement on purchase and development financing.
Key Highlights
- Sale includes four residential lots: 13242, 13234, 13250, and 13256 Buffalo
- Each lot measures 34 ft by 100 ft, for individual build‑ready parcels
- Positioned near Hamtramck for new construction development opportunities
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
427
Businesses Nearby
Explore this area
Business Placement
Demographics for 48212, MI
43,192
Population
14,739
Households
2.9
Avg Household Size
29
Median Age
16%
College-Educated
68%
High-School Grad
5.3 sq mi
ZIP Area
8,149
Density / Sq Mi
$37,293
Median Household Income
$28,894
Median Earnings
$935
Median Rent
$98,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Sale includes four residential lots, each 34-by-100, for new construction opportunities near Hamtramck.
Where is this residential land & home lot located?
The property is located at 13242 Buffalo Street Hamtramck, MI.
What is the asking price?
The asking price for this property is $80,000.
What are key features of this property?
This property features: Sale includes four residential lots: 13242, 13234, 13250, and 13256 Buffalo; Each lot measures 34 ft by 100 ft, for individual build‑ready parcels; Positioned near Hamtramck for new construction development opportunities
