Residential Infill Development
For Sale
$95,000
2229 West Grand Boulevard, Detroit, MI 48208
Residential land parcels offered for small- to medium-scale infill development, with DLBA tax capture following ownership transfer.
Property SizeContact for details
Days on Market849
Property Features for 2229 West Grand Boulevard
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 10:28PM
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 offering is for residential land suitable for small- to medium-scale infill development, as outlined in the DLBA proposal process. The package includes parcels at 2221 W. Grand Blvd, 2229 West Grand Boulevard, and 7322 Lawton.
The DLBA notes the properties are positioned close to the Motown Museum and Henry Ford Hospital, with access to the New Center/Downtown area.
Prospective buyers should review the DLBA proposal guidelines for new build opportunities and consult related 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 subsequent to transferring ownership. The tax capture may be incompatible with any tax abatement otherwise available to the selected purchaser. 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 payment amount determined based on the development proforma and the effect of any tax abatement on purchase and development financing.
The DLBA notes the properties are positioned close to the Motown Museum and Henry Ford Hospital, with access to the New Center/Downtown area.
Prospective buyers should review the DLBA proposal guidelines for new build opportunities and consult related 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 subsequent to transferring ownership. The tax capture may be incompatible with any tax abatement otherwise available to the selected purchaser. 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 payment amount determined based on the development proforma and the effect of any tax abatement on purchase and development financing.
Key Highlights
- Residential land parcels offered for small- to medium‑scale infill development
- Includes 2221 W. Grand Blvd and 7322 Lawton
- Close to Motown Museum and Henry Ford Hospital / New Center–Downtown area
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
Explore this area
Business Placement
Demographics for 48208, MI
8,090
Population
5,226
Households
1.5
Avg Household Size
37
Median Age
27%
College-Educated
79%
High-School Grad
3.2 sq mi
ZIP Area
2,528
Density / Sq Mi
$29,742
Median Household Income
$39,526
Median Earnings
$842
Median Rent
$186,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Residential land parcels offered for small- to medium-scale infill development, with DLBA tax capture following ownership transfer.
Where is this residential land & home lot located?
The property is located at 2229 West Grand Boulevard Detroit, MI.
What is the asking price?
The asking price for this property is $95,000.
What are key features of this property?
This property features: Residential land parcels offered for small- to medium‑scale infill development; Includes 2221 W. Grand Blvd and 7322 Lawton; Close to Motown Museum and Henry Ford Hospital / New Center–Downtown area
