Residential Infill Land
For Sale
Contact for pricing
2363 Elmhurst Street, Detroit, MI 48206
Residentially zoned land offered as part of a two-lot deal totaling 16,401 sqft.
Property SizeContact for details
Lot Size0.38 Acres
Days on Market831
Property Features for 2363 Elmhurst Street
General Information
Standard status
Active
Lot size
0.38 Acres
Property subtype
Land
Zoning
R3
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 20 at 11:55AM
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 listing represents residential land offered as part of a two-property deal, sold together with an adjacent parcel at 2373 Elmhurst. The combined offering totals 16,401 sqft, and the property is zoned R3.
The Detroit Land Bank Authority (DLBA) is seeking proposals for small- to medium-scale infill development intended to increase housing supply and support restoring the urban fabric, density, and walkability. Interested buyers are directed to review the DLBA proposal guidelines and relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional neighborhood context.
All offers must be supported by Proof of Funds showing funds meet or exceed development costs. DLBA is entitled to a tax capture for the five tax years after transferring ownership; DLBA will review requests to waive tax capture rights and may require a payment in lieu of taxes based on the submitted development proforma and the impact of any tax abatement on purchase and development financing. BATVAI.
The Detroit Land Bank Authority (DLBA) is seeking proposals for small- to medium-scale infill development intended to increase housing supply and support restoring the urban fabric, density, and walkability. Interested buyers are directed to review the DLBA proposal guidelines and relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional neighborhood context.
All offers must be supported by Proof of Funds showing funds meet or exceed development costs. DLBA is entitled to a tax capture for the five tax years after transferring ownership; DLBA will review requests to waive tax capture rights and may require a payment in lieu of taxes based on the submitted development proforma and the impact of any tax abatement on purchase and development financing. BATVAI.
Key Highlights
- Residentially zoned land offered as part of a two‑lot deal.
- Two properties total 16,401 sq ft sold together with 2373 Elmhurst.
- Property zoned R3.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
328
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 land offered as part of a two-lot deal totaling 16,401 sqft.
Where is this residential land & home lot located?
The property is located at 2363 Elmhurst 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: Residentially zoned land offered as part of a two‑lot deal.; Two properties total 16,401 sq ft sold together with 2373 Elmhurst.; Property zoned R3.
