Zoned R2 Residential Development
For Sale
$30,000
1790 Putnam Street, Detroit, MI 48208
Residential lot zoned R2, offered by the Detroit Land Bank Authority for small- to medium-scale infill development.
Property SizeContact for details
Days on Market860
Property Features for 1790 Putnam Street
General Information
Standard status
Active
Property subtype
Land
Zoning
R2
Listing Agency:
Bellabay Realty Tri Counties
(313) 204-0310
Listed By:
Natasha C Richards · License #6502385914
(313) 204-0310
Source:
Compass
Added: Apr 6, 2024
Changed: Aug 8
Last Checked: Jul 20 at 7:50PM
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 residential land offering is zoned R2 and presented as a building opportunity suitable for infill development. The Detroit Land Bank Authority is seeking proposals for small- to medium-scale projects with the stated goals of increasing housing supply and supporting restoration of the urban fabric, including density and walkability. Interested buyers should review the agency’s proposal guidelines for new build opportunities.
The property is located in the Woodbridge neighborhood of Detroit, with nearby businesses and amenities referenced in the public remarks, including Willa Flora Farm, Ochre Bakery, Fisheye Vegetable Farm, a yoga studio, and Core City Park, along with Velvet Tower, Brazilian Jiu-Jitsu, and Argentinian restaurant Barda. The DLBA also notes that it is entitled to a tax capture for the five tax years subsequent to transferring ownership. The tax capture may be incompatible with tax abatements that might otherwise be available to a selected purchaser, and the payment amount will be determined through review of the development proforma and the effect of any tax abatements on purchase and development financing.
The property is located in the Woodbridge neighborhood of Detroit, with nearby businesses and amenities referenced in the public remarks, including Willa Flora Farm, Ochre Bakery, Fisheye Vegetable Farm, a yoga studio, and Core City Park, along with Velvet Tower, Brazilian Jiu-Jitsu, and Argentinian restaurant Barda. The DLBA also notes that it is entitled to a tax capture for the five tax years subsequent to transferring ownership. The tax capture may be incompatible with tax abatements that might otherwise be available to a selected purchaser, and the payment amount will be determined through review of the development proforma and the effect of any tax abatements on purchase and development financing.
Key Highlights
- Residential lot zoned R2 in the Woodbridge neighborhood
- Offered by the Detroit Land Bank Authority for small- to medium‑scale infill development
- DLBA states the property includes a tax capture for the 5 tax years after transferring ownership
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
Explore this area
Business Placement
Demographics for 48208, MI
8,090
Population
5,226
Households
1.5
Avg Household Size
37
Median Age
27%
College-Educated
79%
High-School Grad
3.2 sq mi
ZIP Area
2,528
Density / Sq Mi
$29,742
Median Household Income
$39,526
Median Earnings
$842
Median Rent
$186,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Residential lot zoned R2, offered by the Detroit Land Bank Authority for small- to medium-scale infill development.
Where is this residential land & home lot located?
The property is located at 1790 Putnam Street Detroit, MI.
What is the asking price?
The asking price for this property is $30,000.
What are key features of this property?
This property features: Residential lot zoned R2 in the Woodbridge neighborhood; Offered by the Detroit Land Bank Authority for small- to medium‑scale infill development; DLBA states the property includes a tax capture for the 5 tax years after transferring ownership
