Two-Lot Residential Land
For Sale
Contact for pricing
238 Hendrie St, Detroit, MI 48202
Two residential lots on Hendrie Street are offered together and cannot be sold separately.
Property SizeContact for details
Days on Market28
Property Features for 238 Hendrie St
General Information
Standard status
Active
Property subtype
Land
Taxes and HOA fees
Annual Taxes
$27
Listing Agency:
Bellabay Realty Tri-Counties
(248) 274-6614
Listed By:
Natasha C Richards · License #6502385914
(248) 274-6614
Source:
Elliman
Added: Jul 16
Changed: Aug 8
Last Checked: Jul 16 at 7:09PM
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 Bellabay Realty Tri-Counties
Investment Insights
Based on property information with market context.
This offering includes two residential land lots at 238 and 240 Hendrie St in Detroit, offered as a single package. The parcels are listed together and cannot be sold separately, providing one combined acquisition for buyers planning a unified development approach.
Local mobility indicators report a Walk Score of 70 (somewhat walkable), a Bike Score of 56 (bikeable), and a Transit Score of 47 (some transit). Prospective buyers should review the proposal guidelines for new build opportunities referenced in the remarks and consult the relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional neighborhood context.
The DLBA states it is entitled to a tax capture for the five tax years subsequent to transferring ownership of the property. The remarks also note that the tax capture may be incompatible with other available tax abatement for the selected purchaser, and that the DLBA will review requests to waive its tax capture rights and 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.
Local mobility indicators report a Walk Score of 70 (somewhat walkable), a Bike Score of 56 (bikeable), and a Transit Score of 47 (some transit). Prospective buyers should review the proposal guidelines for new build opportunities referenced in the remarks and consult the relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional neighborhood context.
The DLBA states it is entitled to a tax capture for the five tax years subsequent to transferring ownership of the property. The remarks also note that the tax capture may be incompatible with other available tax abatement for the selected purchaser, and that the DLBA will review requests to waive its tax capture rights and 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
- Two residential lots on Hendrie Street (238 and 240 Hendrie) offered together and cannot be sold separately.
- Combined offering price listed as $20,000 for both lots.
- Area transit scores include 47 (some transit), with walkScore of 70 (somewhat walkable).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,509
Businesses Nearby
Explore this area
Business Placement
Demographics for 48202, MI
17,260
Population
10,078
Households
1.7
Avg Household Size
32
Median Age
38%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
5,076
Density / Sq Mi
$36,536
Median Household Income
$31,725
Median Earnings
$894
Median Rent
$193,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Two residential lots on Hendrie Street are offered together and cannot be sold separately.
Where is this residential land & home lot located?
The property is located at 238 Hendrie 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: Two residential lots on Hendrie Street (238 and 240 Hendrie) offered together and cannot be sold separately.; Combined offering price listed as $20,000 for both lots.; Area transit scores include 47 (some transit), with walkScore of 70 (somewhat walkable).
