B2 Zoned Residential Development
For Sale
Contact for pricing
12945 Puritan Avenue, Detroit, MI 48227
Vacant land zoned B2 for small- to medium-scale infill development under DLBA proposal guidelines.
Property SizeContact for details
Days on Market660
Property Features for 12945 Puritan Avenue
General Information
Standard status
Active
Property subtype
Land
Zoning
B2
Listing Agency:
RCH Brokerage Legacy Inc
(313) 510-7887
Listed By:
Leonard A Pickett · License #6501306589
(313) 510-7887
Source:
Compass
Added: Oct 23, 2024
Changed: Aug 8
Last Checked: Jul 21 at 3:59AM
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 vacant land parcel is zoned B2 and is being offered for small- to medium-scale infill development. The DLBA is seeking proposals intended to increase housing supply and help restore the urban fabric through development.
Interested buyers are directed to review the DLBA proposal guidelines and any 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 with funds meeting or exceeding development costs. The DLBA is entitled to a tax capture for the five tax years after transferring ownership, and that tax capture may be incompatible with tax abatements that could otherwise be available. 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 purchase and development financing.
Additional submission instructions and requirements are included in the attached documents. BATVAI.
Interested buyers are directed to review the DLBA proposal guidelines and any 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 with funds meeting or exceeding development costs. The DLBA is entitled to a tax capture for the five tax years after transferring ownership, and that tax capture may be incompatible with tax abatements that could otherwise be available. 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 purchase and development financing.
Additional submission instructions and requirements are included in the attached documents. BATVAI.
Key Highlights
- Vacant land zoned B2
- Designed for small- to medium‑scale infill development under DLBA proposal guidelines
- DLBA seeks development focused on increasing housing supply and improving density and walkability
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
Explore this area
Business Placement
Demographics for 48227, MI
40,266
Population
19,933
Households
2
Avg Household Size
36
Median Age
12%
College-Educated
83%
High-School Grad
7.5 sq mi
ZIP Area
5,369
Density / Sq Mi
$36,221
Median Household Income
$31,797
Median Earnings
$1,034
Median Rent
$70,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Vacant land zoned B2 for small- to medium-scale infill development under DLBA proposal guidelines.
Where is this residential land & home lot located?
The property is located at 12945 Puritan Avenue 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 land zoned B2; Designed for small- to medium‑scale infill development under DLBA proposal guidelines; DLBA seeks development focused on increasing housing supply and improving density and walkability
