Multi-Lot Infill Development
2417 West Edsel Ford Freeway West, Detroit, MI 48208
For Sale
$101,000
Seven residential land lots are offered together through the Detroit Land Bank Authority for infill development proposals.
Property SizeContact for details
Days on Market952
Property Features for 2417 West Edsel Ford Freeway West
General Information
Standard status
Property subtype
Site & Location
Neighborhood
Amenities
No
Listing Agency:
Bellabay Realty Tri Counties
Listed By:
Natasha C Richards · License MI #6502385914
(313) 204-0310
Source:
Compass
Added: Apr 3, 2024
Changed: Nov 9
Last Checked: Jul 21 at 2:46AM
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
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Investment Insights
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Seven residential land lots are being offered for sale as a single package through the Detroit Land Bank Authority, and the lots cannot be sold separately. The listed lots include 2417 W. Edsel Ford Fwy and 5281 16th, along with 5275, 5269, 5263, 5257, and 5251 16th.
The Detroit Land Bank Authority is seeking proposals for small- to medium-scale infill development intended to increase housing supply and help restore the urban fabric, including density and walkability. Interested buyers should review the DLBA’s proposal guidelines for the new-build opportunity.
Please note that the DLBA is entitled to a tax capture for the five tax years following transfer of 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 reviewing the development pro forma and the effect of any tax abatements on purchase and development financing.
The Detroit Land Bank Authority is seeking proposals for small- to medium-scale infill development intended to increase housing supply and help restore the urban fabric, including density and walkability. Interested buyers should review the DLBA’s proposal guidelines for the new-build opportunity.
Please note that the DLBA is entitled to a tax capture for the five tax years following transfer of 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 reviewing the development pro forma and the effect of any tax abatements on purchase and development financing.
Key Highlights
- Seven residential land lots offered together for infill development proposals through the Detroit Land Bank Authority.
- Addresses include 2417 W. Edsel Ford Fwy, 5281 16th, 5275 16th, 5269 16th, 5263 16th, 5257 16th, and 5251 16th.
- Lots cannot be sold separately.
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Location Intelligence
Trade Area within ½ mile
526
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Seven residential land lots are offered together through the Detroit Land Bank Authority for infill development proposals.
Where is this residential land & home lot located?
The property is located at 2417 West Edsel Ford Freeway West 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: Seven residential land lots offered together for infill development proposals through the Detroit Land Bank Authority.; Addresses include 2417 W. Edsel Ford Fwy, 5281 16th, 5275 16th, 5269 16th, 5263 16th, 5257 16th, and 5251 16th.; Lots cannot be sold separately.
