Vacant Residential Development
For Sale
Contact for pricing
1954 Blaine St, Detroit, MI 48206
Vacant parcel in Virginia Park, offered for new construction with DLBA approval required for development proposals.
Property SizeContact for details
Days on Market108
Property Features for 1954 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 for-sale vacant residential parcel in the Virginia Park neighborhood is being offered as a new build opportunity. The property includes an address reference to 1950 Blaine and 1954 Blaine, and it is available for infill development and new construction subject to approval requirements.
Interested buyers must submit a complete proposal package for DLBA approval, including a project proposal, proof of funds, a site plan or concept drawing, and proof of previous development experience. Sale is contingent upon execution of a DLBA Development Agreement.
Following transfer of ownership, the Detroit Land Bank Authority is entitled to a tax recapture for the five tax years. The recapture provision may be incompatible with certain tax abatements, lot combinations, or assemblages, and waiver requests may be considered case by case after DLBA review, potentially with a payment in lieu of taxes.
Interested buyers must submit a complete proposal package for DLBA approval, including a project proposal, proof of funds, a site plan or concept drawing, and proof of previous development experience. Sale is contingent upon execution of a DLBA Development Agreement.
Following transfer of ownership, the Detroit Land Bank Authority is entitled to a tax recapture for the five tax years. The recapture provision may be incompatible with certain tax abatements, lot combinations, or assemblages, and waiver requests may be considered case by case after DLBA review, potentially with a payment in lieu of taxes.
Key Highlights
- Vacant parcel in Detroit’s Virginia Park neighborhood, offered for new construction and infill development
- Includes properties at 1950 Blaine and 1954 Blaine
- Development proposals require DLBA approval of a complete package, including project proposal, proof of funds, and site plan/concept drawing
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 parcel in Virginia Park, offered for new construction with DLBA approval required for development proposals.
Where is this residential land & home lot located?
The property is located at 1954 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 parcel in Detroit’s Virginia Park neighborhood, offered for new construction and infill development; Includes properties at 1950 Blaine and 1954 Blaine; Development proposals require DLBA approval of a complete package, including project proposal, proof of funds, and site plan/concept drawing
