Infill Development Land
For Sale
$40,000
1830 West Grand Boulevard, Detroit, MI 48208
Five combined lots sold together for small- to medium-scale infill development in Detroit.
Property SizeContact for details
Lot Size0.59 Acres
Days on Market920
Property Features for 1830 West Grand Boulevard
General Information
Standard status
Active
Lot size
0.59 Acres
Property subtype
Land
Listing Agency:
RCH Brokerage Legacy Inc
(313) 510-7887
Listed By:
Leonard A Pickett · License #6501306589
(313) 510-7887
Source:
Compass
Added: Feb 5, 2024
Changed: Aug 8
Last Checked: Jul 21 at 2:05AM
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 offering consists of five residential land lots being sold together: 1830 West Grand Boulevard and four additional lots at 1832, 1840, W Grand Blvd, and 3934 and 3940 Moore Pl. All five lots total 25,888 square feet and are not available for separate sale.
The Detroit Land Bank Authority (DLBA) is seeking proposals for small- to medium-scale infill development intended to increase housing supply and help restore the urban fabric, including density and walkability. Interested buyers should review the DLBA proposal guidelines for new build opportunities and consult the City of Detroit Neighborhood Framework Plans for additional neighborhood context.
Offers must be supported by Proof of Funds with funds meeting or exceeding development costs. DLBA is entitled to a tax capture for the five tax years following transfer of ownership, which may be incompatible with tax abatement otherwise available to the purchaser. DLBA will review requests to waive tax capture rights and may require a payment in lieu of taxes; the amount will be determined based on the development proforma and the effect of any tax abatement.
The Detroit Land Bank Authority (DLBA) is seeking proposals for small- to medium-scale infill development intended to increase housing supply and help restore the urban fabric, including density and walkability. Interested buyers should review the DLBA proposal guidelines for new build opportunities and consult the City of Detroit Neighborhood Framework Plans for additional neighborhood context.
Offers must be supported by Proof of Funds with funds meeting or exceeding development costs. DLBA is entitled to a tax capture for the five tax years following transfer of ownership, which may be incompatible with tax abatement otherwise available to the purchaser. DLBA will review requests to waive tax capture rights and may require a payment in lieu of taxes; the amount will be determined based on the development proforma and the effect of any tax abatement.
Key Highlights
- Five lots sold together: 1832, 1840 W Grand Blvd, and 3934–3940 Moore Pl
- Total lot area for all 5 lots is 25,888 sqft
- Not sold separately—one combined purchase for development
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
320
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 - Five combined lots sold together for small- to medium-scale infill development in Detroit.
Where is this residential land & home lot located?
The property is located at 1830 West Grand Boulevard Detroit, MI.
What is the asking price?
The asking price for this property is $40,000.
What are key features of this property?
This property features: Five lots sold together: 1832, 1840 W Grand Blvd, and 3934–3940 Moore Pl; Total lot area for all 5 lots is 25,888 sqft; Not sold separately—one combined purchase for development
