Vacant Residential Land
For Sale
Contact for pricing
6935 East Congress Street, Detroit, MI 48207
Vacant residential lot in Islandview, offered for sale with stated eligibility for DLBA tax capture.
Property SizeContact for details
Lot Size0.10 Acres
Days on Market809
Property Features for 6935 East Congress Street
General Information
Standard status
Active
Lot size
0.10 Acres
Property subtype
Land
Listing Agency:
Keller Williams Realty-Great Lakes
Listed By:
Erick Monzo · License #6501330189
(586) 808-6436
Source:
Compass
Added: Jul 25, 2024
Changed: Oct 11
Last Checked: Oct 11 at 9:21AM
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 vacant residential land lot is offered for sale and is intended for development or stewardship consistent with the DLBA’s land-based site proposal guidelines. The listing notes the availability of options including urban agriculture, gardening, or beautification, for either for-profit or community activation. The DLBA also references a Guide to Plot Plan, Site Design, and Maintenance for prospective buyers.
The property is described as being in the Islandview neighborhood and located just minutes from Downtown Detroit, with the provided bikeScore, walkScore, and transitScore indicating moderate bikeability, somewhat walkable access, and good transit.
The remarks further state that the DLBA is entitled to a tax capture for the five tax years following transfer of ownership, and that any tax capture may be incompatible with other tax abatement available to a purchaser. The DLBA will review requests to waive tax capture rights and may require a payment in lieu of taxes based on the development proforma and the effect of any tax abatement on financing.
The property is described as being in the Islandview neighborhood and located just minutes from Downtown Detroit, with the provided bikeScore, walkScore, and transitScore indicating moderate bikeability, somewhat walkable access, and good transit.
The remarks further state that the DLBA is entitled to a tax capture for the five tax years following transfer of ownership, and that any tax capture may be incompatible with other tax abatement available to a purchaser. The DLBA will review requests to waive tax capture rights and may require a payment in lieu of taxes based on the development proforma and the effect of any tax abatement on financing.
Key Highlights
- Vacant residential lot in the Islandview neighborhood
- Lot size: 0.10 acres
- DLBA tax capture applies for the 5 tax years after transferring ownership
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Location Intelligence
Trade Area within ½ mile
757
Businesses Nearby
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Demographics for 48207, MI
21,704
Population
13,026
Households
1.7
Avg Household Size
42
Median Age
35%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
3,445
Density / Sq Mi
$44,561
Median Household Income
$43,377
Median Earnings
$1,040
Median Rent
$193,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Vacant residential lot in Islandview, offered for sale with stated eligibility for DLBA tax capture.
Where is this residential land & home lot located?
The property is located at 6935 East Congress Street Detroit, MI.
What are key features of this property?
This property features: Vacant residential lot in the Islandview neighborhood; Lot size: 0.10 acres; DLBA tax capture applies for the 5 tax years after transferring ownership
