Added: Mar 7Changed: Oct 1Last Checked: Oct 2 at 5:48PM
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Investment Insights
Based on property information with market context.
This offering features 12 residential lots in Detroit’s Islandview neighborhood, totaling approximately 37,500 square feet. Zoned R2 (Two-Family Residential), the parcels allow for single-family or two-family residential construction, subject to city approvals. The site is suitable for a small subdivision concept, duplex product, or cohesive new construction development within an established neighborhood near the East Riverfront. The bundle includes the following addresses: 2151 Townsend, 2157 Townsend, 2161 Townsend, 2167 Townsend, 2173 Townsend, 2179 Townsend, 2185 Townsend, 2191 Townsend, 2197 Townsend, 2203 Townsend, 2170 Sheridan, & 2180 Sheridan. The bike score is 68, indicating bikeable conditions. The walk score is 50, indicating that the area is somewhat walkable, and the transit score is 54, indicating good transit options. Parcels are sold as-is, where-is, with no warranties expressed or implied, and only as a bundle. The purchaser is responsible for surveys, inspections, permitting, site work, and compliance with all applicable regulations. Properties may be subject to DLBA tax recapture pursuant to state law, requiring payment at closing of a portion of previously extinguished delinquent real property taxes. Buyers should independently verify zoning regulations, lot dimensions, setbacks, utility access, and overall buildable area. Sale is subject to DLBA proposal guidelines, internal review, and Board approval.
Key Highlights
Large land assemblage: 12 residential lots totaling approximately 37,500 sq ft, suitable for significant development.
R2 zoning allows for single‑family or two‑family residential construction, offering flexible development options.
Excellent opportunity for a small subdivision, duplex development, or cohesive new construction project.
Property Analytics
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Current Use
Residential land & home ...
Suggested Use
Top PickLaw FirmReal Estate AgencyBuilding SupplyHVAC ServiceKitchen & Bath ShowroomSkin Care Clinic
Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Trade Area within ½ mile
615
Businesses Nearby
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Business Placement
Demographics for 48214, MI
18,959
Population
13,279
Households
1.4
Avg Household Size
44
Median Age
27%
College-Educated
84%
High-School Grad
5.1 sq mi
ZIP Area
3,717
Density / Sq Mi
$34,807
Median Household Income
$36,625
Median Earnings
$818
Median Rent
$120,500
Median Home Value
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Residential land & home lot - Twelve residential lots for development in Detroit's Islandview neighborhood.
Where is this residential land & home lot located?
The property is located at 2161 Townsend Street Detroit, MI.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: Large land assemblage: **12 residential lots totaling approximately 37,500 sq ft, suitable for significant development.**; R2 zoning allows for single‑family or two‑family residential construction, offering flexible development options.; Excellent opportunity for a small subdivision, duplex development, or cohesive new construction project.
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New: 350 Mission StJust listed · $36/SF · 2 min ago