Infill Residential Development
For Sale
$38,000
1502 Casgrain Street, Detroit, MI 48209
Package sale includes five residential lots for new build opportunities, subject to DLBA guidelines and tax capture terms.
Property SizeContact for details
Days on Market108
Property Features for 1502 Casgrain 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 27
Changed: Aug 8
Last Checked: Jul 20 at 9:53PM
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 presents an infill residential land package for redevelopment. The sale includes five properties: 1502, 1514, 1520, 1526 and 1532 Casgrain, included together as a single purchase and not sold separately.
The Detroit Land Bank Authority (DLBA) is seeking affordable housing for these lots. Interested parties should review the DLBA proposal guidelines for new build opportunities and consult 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 otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes; the amount would be determined based on the development proforma and the effect of any tax abatement on purchase and development financing.
The Detroit Land Bank Authority (DLBA) is seeking affordable housing for these lots. Interested parties should review the DLBA proposal guidelines for new build opportunities and consult 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 otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes; the amount would be determined based on the development proforma and the effect of any tax abatement on purchase and development financing.
Key Highlights
- Package sale includes five residential lots: 1502, 1514, 1520, 1526, and 1532 Casgrain.
- Lots are included as a package and are not sold separately.
- Total listed amount for the five lots is $38,000.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
489
Businesses Nearby
Explore this area
Business Placement
Demographics for 48209, MI
27,096
Population
11,020
Households
2.5
Avg Household Size
30
Median Age
10%
College-Educated
61%
High-School Grad
6.8 sq mi
ZIP Area
3,985
Density / Sq Mi
$42,152
Median Household Income
$30,091
Median Earnings
$843
Median Rent
$82,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Package sale includes five residential lots for new build opportunities, subject to DLBA guidelines and tax capture terms.
Where is this residential land & home lot located?
The property is located at 1502 Casgrain Street Detroit, MI.
What is the asking price?
The asking price for this property is $38,000.
What are key features of this property?
This property features: Package sale includes five residential lots: 1502, 1514, 1520, 1526, and 1532 Casgrain.; Lots are included as a package and are not sold separately.; Total listed amount for the five lots is $38,000.
