Vacant Residential Development
For Sale
$30,000
2081 Virginia Park Street, Detroit, MI 48206
Vacant land suitable for small- to medium-scale infill housing development under DLBA proposal guidelines.
Property SizeContact for details
Days on Market849
Property Features for 2081 Virginia Park 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 21 at 4:37AM
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 a vacant residential land parcel being marketed for new housing development. The DLBA is seeking proposals for small- to medium-scale infill development, with the goal of increasing housing supply and supporting restoration of the urban fabric, density, and walkability.
The property is located at 2081 Virginia Park Street in Detroit and is described as being close to the Motown Museum and Henry Ford Hospital, as well as the New Center and Downtown area.
The DLBA notes that it is entitled to a tax capture for the five tax years following transfer of ownership. The tax capture may be incompatible with other available tax abatement, and DLBA will review requests to waive its tax capture rights, potentially requiring a payment in lieu of taxes based on the development proforma.
The property is located at 2081 Virginia Park Street in Detroit and is described as being close to the Motown Museum and Henry Ford Hospital, as well as the New Center and Downtown area.
The DLBA notes that it is entitled to a tax capture for the five tax years following transfer of ownership. The tax capture may be incompatible with other available tax abatement, and DLBA will review requests to waive its tax capture rights, potentially requiring a payment in lieu of taxes based on the development proforma.
Key Highlights
- Vacant land suited for small- to medium‑scale infill housing development under DLBA proposal guidelines
- DLBA is seeking proposals to increase housing supply and restore urban fabric, including density and walkability
- Property is located close to Motown Museum, Henry Ford Hospital, and New Center/Downtown area
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
343
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
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Vacant land suitable for small- to medium-scale infill housing development under DLBA proposal guidelines.
Where is this residential land & home lot located?
The property is located at 2081 Virginia Park Street Detroit, MI.
What is the asking price?
The asking price for this property is $30,000.
What are key features of this property?
This property features: Vacant land suited for small- to medium‑scale infill housing development under DLBA proposal guidelines; DLBA is seeking proposals to increase housing supply and restore urban fabric, including density and walkability; Property is located close to Motown Museum, Henry Ford Hospital, and New Center/Downtown area
