1944 Putnam Street, Detroit, MI 48208
Four adjacent vacant lots in Woodbridge are offered for small- to medium-scale infill development.
Property Features for 1944 Putnam Street
General Information
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Investment Insights
Based on property information with market context.
The development intent referenced by the DLBA is small- to medium-scale infill, with the goal of increasing housing supply and restoring urban fabric through added density and walkability. Interested buyers are directed to review the proposal guidelines for new build opportunities and to consult relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional neighborhood context.
The DLBA notes it is entitled to a tax capture for the five tax years after transferring ownership. The tax capture may be incompatible with any tax abatement otherwise available to the selected purchaser, and DLBA will review requests to waive its tax capture rights, which may require a payment in lieu of taxes based on the development proforma and the effect of any tax abatement on purchase and development financing.
Key Highlights
- Four adjacent vacant land parcels in Detroit’s Woodbridge neighborhood
- Addresses included: 1944 Putnam, 5104 Vermont, 5114 Vermont, and 5120 Vermont
- Lots average about 0.10 acres each
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Demographics for 48208, MI