Seven-Lot Infill Build
For Sale
$101,000
2417 East Edsel Ford Freeway, Detroit, MI 48208
For sale as an assemblage, seven lots are available for small- to medium-scale infill development.
Property SizeContact for details
Days on Market862
Property Features for 2417 East Edsel Ford Freeway
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
Bellabay Realty Tri Counties
(313) 204-0310
Listed By:
Natasha C Richards · License #6502385914
(313) 204-0310
Source:
Compass
Added: Apr 4, 2024
Changed: Aug 8
Last Checked: Jul 20 at 8:52AM
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 seven lots being sold together and cannot be sold separately. The assemblage is positioned for new-build infill development, subject to the Detroit Land Bank Authority’s proposal guidelines for new construction opportunities.
The lots are listed at 2417 East Edsel Ford Freeway and 5281, 5275, 5269, 5263, 5257, and 5251 16th. Prospective buyers are encouraged to review the applicable Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional neighborhood context.
Please note that the Detroit Land Bank Authority is entitled to a tax capture for the five tax years subsequent to transferring ownership. The tax capture may be incompatible with tax abatements that could otherwise be available to the selected purchaser, and the payment will be determined after review of the development pro forma and the effect of any tax abatements on purchase and development financing.
The lots are listed at 2417 East Edsel Ford Freeway and 5281, 5275, 5269, 5263, 5257, and 5251 16th. Prospective buyers are encouraged to review the applicable Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional neighborhood context.
Please note that the Detroit Land Bank Authority is entitled to a tax capture for the five tax years subsequent to transferring ownership. The tax capture may be incompatible with tax abatements that could otherwise be available to the selected purchaser, and the payment will be determined after review of the development pro forma and the effect of any tax abatements on purchase and development financing.
Key Highlights
- 7‑lot assemblage available for small- to medium‑scale infill development.
- Addresses include 2417 W. Edsel Ford Fwy and 5281, 5275, 5269, 5263, 5257, and 5251 16th.
- Lots cannot be sold separately and are offered as one assemblage.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
811
Businesses Nearby
Explore this area
Business Placement
Demographics for 48208, MI
8,090
Population
5,226
Households
1.5
Avg Household Size
37
Median Age
27%
College-Educated
79%
High-School Grad
3.2 sq mi
ZIP Area
2,528
Density / Sq Mi
$29,742
Median Household Income
$39,526
Median Earnings
$842
Median Rent
$186,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - For sale as an assemblage, seven lots are available for small- to medium-scale infill development.
Where is this residential land & home lot located?
The property is located at 2417 East Edsel Ford Freeway Detroit, MI.
What is the asking price?
The asking price for this property is $101,000.
What are key features of this property?
This property features: 7‑lot assemblage available for small- to medium‑scale infill development.; Addresses include 2417 W. Edsel Ford Fwy and 5281, 5275, 5269, 5263, 5257, and 5251 16th.; Lots cannot be sold separately and are offered as one assemblage.
