Residential Development Lots
For Sale
$38,000
1520 Casgrain Street, Detroit, MI 48209
For sale package includes four adjacent lots on Casgrain Street, sold together and not separately.
Property SizeContact for details
Days on Market107
Property Features for 1520 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 28
Changed: Aug 8
Last Checked: Jul 20 at 5:43PM
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 for-sale residential land package includes 1520, 1526, 1514, and 1502 Casgrain Street, sold together and not available for separate purchase. The property is presented as an infill redevelopment opportunity for qualifying new build plans.
The DLBA indicates it is seeking affordable housing for the lots, and interested buyers are directed to review the proposal guidelines for new build opportunities. The DLBA also recommends reviewing the City of Detroit Planning and Development Department’s relevant Neighborhood Framework Plans 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, and the DLBA will review requests to waive its tax capture rights, which may require a payment in lieu of taxes based on the development pro forma and the impact of any tax abatement on purchase and development financing.
The DLBA indicates it is seeking affordable housing for the lots, and interested buyers are directed to review the proposal guidelines for new build opportunities. The DLBA also recommends reviewing the City of Detroit Planning and Development Department’s relevant Neighborhood Framework Plans 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, and the DLBA will review requests to waive its tax capture rights, which may require a payment in lieu of taxes based on the development pro forma and the impact of any tax abatement on purchase and development financing.
Key Highlights
- For sale package includes four adjacent lots on Casgrain Street: 1520, 1526, 1514, and 1502 Casgrain
- Lots are sold together and not separately as a single package
- Sale includes four lots for a total of $44,000 (not sold separately)
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 - For sale package includes four adjacent lots on Casgrain Street, sold together and not separately.
Where is this residential land & home lot located?
The property is located at 1520 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: For sale package includes four adjacent lots on Casgrain Street: 1520, 1526, 1514, and 1502 Casgrain; Lots are sold together and not separately as a single package; Sale includes four lots for a total of $44,000 (not sold separately)
