Vacant Development
For Sale
Contact for pricing
1950 Blaine St, Detroit, MI 48206
Vacant land parcel in Virginia Park, included with 1950 and 1954 Blaine, for infill development pending approvals.
Property SizeContact for details
Days on Market108
Property Features for 1950 Blaine St
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
Next Level Realty & Investments
(734) 506-0076
Listed By:
Catina Willis · License #6502416849
(734) 506-0076
Source:
Elliman
Added: Apr 27
Changed: Aug 8
Last Checked: Apr 27 at 5:29PM
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 Next Level Realty & Investments
Investment Insights
Based on property information with market context.
This offering is a vacant parcel in the Virginia Park neighborhood, marketed through the Detroit Land Bank Authority’s Marketed Property Program. The parcel includes 1950 Blaine and 1954 Blaine and is intended for new construction and infill development, subject to zoning and City approvals.
Sale is contingent upon execution of a DLBA Development Agreement. Interested buyers must submit a complete proposal package for DLBA review, including a project proposal, proof of funds, site plan or concept drawing, and proof of previous development experience. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership, and this provision may affect certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered case by case and may require a payment in lieu of taxes determined after DLBA review of the development pro forma and financing.
Sale is contingent upon execution of a DLBA Development Agreement. Interested buyers must submit a complete proposal package for DLBA review, including a project proposal, proof of funds, site plan or concept drawing, and proof of previous development experience. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership, and this provision may affect certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered case by case and may require a payment in lieu of taxes determined after DLBA review of the development pro forma and financing.
Key Highlights
- Vacant land parcel in the Virginia Park neighborhood for new construction and infill development (subject to zoning and City approvals).
- Parcel is included with 1950 Blaine and 1954 Blaine.
- Owned by the Detroit Land Bank Authority (DLBA) through its Marketed Property Program.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
Explore this area
Business Placement
Demographics for 48206, MI
15,712
Population
10,784
Households
1.5
Avg Household Size
38
Median Age
24%
College-Educated
89%
High-School Grad
3.1 sq mi
ZIP Area
5,068
Density / Sq Mi
$43,702
Median Household Income
$36,674
Median Earnings
$923
Median Rent
$102,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Vacant land parcel in Virginia Park, included with 1950 and 1954 Blaine, for infill development pending approvals.
Where is this residential land & home lot located?
The property is located at 1950 Blaine St Detroit, MI.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: Vacant land parcel in the Virginia Park neighborhood for new construction and infill development (subject to zoning and City approvals).; Parcel is included with 1950 Blaine and 1954 Blaine.; Owned by the Detroit Land Bank Authority (DLBA) through its Marketed Property Program.
