Infill Development Land
For Sale
Contact for pricing
2471 CONCORD St, Detroit, MI 48207
Infill lot sized 35 by 153, offered by the Detroit Land Bank Authority for new housing development proposals.
Property SizeContact for details
Lot Size0.12 Acres
Days on Market28
Property Features for 2471 CONCORD St
General Information
Standard status
Active
Lot size
0.12 Acres
Property subtype
Land
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 5:36PM
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 consists of an infill development lot measuring 35 feet by 153 feet. The Detroit Land Bank Authority is seeking proposals for small- to medium-scale infill development with the stated goal of increasing housing supply and restoring the urban fabric.
The property is located at 2471 Concord St in Detroit, MI 48207. WalkScore is listed as 50 (Somewhat Walkable) and transitScore is listed as 54 (Good Transit), with bikeScore at 68 (Bikeable).
The Detroit Land Bank Authority notes it is entitled to tax capture for the five tax years following transfer of ownership, and that the tax capture may be incompatible with certain tax abatements or lot combinations available to the selected purchaser. 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 abatements on financing. Buyers are advised to consult the DLBA proposal guidelines and relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department.
The property is located at 2471 Concord St in Detroit, MI 48207. WalkScore is listed as 50 (Somewhat Walkable) and transitScore is listed as 54 (Good Transit), with bikeScore at 68 (Bikeable).
The Detroit Land Bank Authority notes it is entitled to tax capture for the five tax years following transfer of ownership, and that the tax capture may be incompatible with certain tax abatements or lot combinations available to the selected purchaser. 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 abatements on financing. Buyers are advised to consult the DLBA proposal guidelines and relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department.
Key Highlights
- Detroit Land Bank Authority infill lot measuring 35 x 153 for new housing development proposals.
- BikeScore 68 (Bikeable), WalkScore 50 (Somewhat Walkable), and transitScore 54 (Good Transit).
- DLBA notes entitlement to tax capture for the 5 tax years after transferring ownership; may be incompatible with tax abatements or lot combinations.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
447
Businesses Nearby
Explore this area
Business Placement
Demographics for 48207, MI
21,704
Population
13,026
Households
1.7
Avg Household Size
42
Median Age
35%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
3,445
Density / Sq Mi
$44,561
Median Household Income
$43,377
Median Earnings
$1,040
Median Rent
$193,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Infill lot sized 35 by 153, offered by the Detroit Land Bank Authority for new housing development proposals.
Where is this residential land & home lot located?
The property is located at 2471 CONCORD 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: Detroit Land Bank Authority infill lot measuring 35 x 153 for new housing development proposals.; BikeScore 68 (Bikeable), WalkScore 50 (Somewhat Walkable), and transitScore 54 (Good Transit).; DLBA notes entitlement to tax capture for the 5 tax years after transferring ownership; may be incompatible with tax abatements or lot combinations.
