Infill Opportunity on Casgrain
For Sale
$38,000
1526 Casgrain St, Detroit, MI 48209
Fantastic infill opportunity in Detroit for affordable housing development.
Property SizeContact for details
Days on Market91
Property Features for 1526 Casgrain St
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
Bellabay Realty Tri-Counties
(248) 274-6614
Listed By:
Natasha C Richards · License #6502385914
(248) 274-6614
Source:
Elliman
Added: May 14
Changed: Aug 8
Last Checked: Jul 15 at 11:19PM
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 a fantastic infill opportunity within a redeveloping area. The sale encompasses multiple lots: 1526, 1532, 1514, 1520, and 1502 Casgrain, and they are not sold separately. The Detroit Land Bank Authority (DLBA) seeks affordable housing proposals for these lots, and interested buyers should consult proposal guidelines for new build opportunities. It is recommended to review relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional neighborhood context. The DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property, which may be incompatible with otherwise available tax abatements. The DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing. The location has a bike score of 43, indicating it is somewhat bikeable, a walk score of 49, indicating car-dependent, and a transit score of 38, indicating some transit options are available.
Key Highlights
- Infill opportunity in a redevelopment area.
- Includes five adjacent lots (1526, 1532, 1514, 1520, and 1502 Casgrain) sold together.
- Targeted for affordable housing development.
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 - Fantastic infill opportunity in Detroit for affordable housing development.
Where is this residential land & home lot located?
The property is located at 1526 Casgrain St 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: Infill opportunity in a redevelopment area.; Includes five adjacent lots (1526, 1532, 1514, 1520, and 1502 Casgrain) sold together.; Targeted for affordable housing development.
