Vacant Residential Land
For Sale
Contact for pricing
3324 Rochester Street, Detroit, MI 48206
Vacant residential land bundle on multiple Rochester Street parcels in Detroit, offered for infill development proposals.
Property SizeContact for details
Days on Market1213
Property Features for 3324 Rochester Street
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
Keller Williams Realty-Great Lakes
(586) 808-6436
Listed By:
Erick Monzo · License #6501330189
(586) 808-6436
Source:
Compass
Added: Apr 19, 2023
Changed: Aug 8
Last Checked: Jul 21 at 3:15AM
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 Keller Williams Realty-Great Lakes
Investment Insights
Based on property information with market context.
This offering includes vacant residential land parcels within the Dexter Linwood neighborhood, listed as 3310, 3332, 3352, 3358, 3346, 3340, and 3324 Rochester Street. The properties are being marketed for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, including density and walkability, in line with the DLBA’s stated objectives.
Interested purchasers should review 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 subsequent to transferring ownership. The tax capture may be incompatible with tax abatements that may otherwise be available to the selected purchaser, and the DLBA may require a payment in lieu of taxes to approve any request to waive its tax capture rights. The amount would be determined through review of the development proforma and the effect of any tax abatement on purchase and development financing.
Interested purchasers should review 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 subsequent to transferring ownership. The tax capture may be incompatible with tax abatements that may otherwise be available to the selected purchaser, and the DLBA may require a payment in lieu of taxes to approve any request to waive its tax capture rights. The amount would be determined through review of the development proforma and the effect of any tax abatement on purchase and development financing.
Key Highlights
- Vacant residential land bundle in the Dexter Linwood neighborhood on multiple Rochester Street parcels.
- Included addresses: 3310, 3332, 3352, 3358, 3346, 3340, and 3324 Rochester Street.
- Offered as an infill development proposal opportunity to increase housing supply and urban fabric.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
335
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 - Vacant residential land bundle on multiple Rochester Street parcels in Detroit, offered for infill development proposals.
Where is this residential land & home lot located?
The property is located at 3324 Rochester 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: Vacant residential land bundle in the Dexter Linwood neighborhood on multiple Rochester Street parcels.; Included addresses: 3310, 3332, 3352, 3358, 3346, 3340, and 3324 Rochester Street.; Offered as an infill development proposal opportunity to increase housing supply and urban fabric.
