Vacant Residential Land
For Sale
Contact for pricing
2537 Canton Street, Detroit, MI 48207
Vacant residential lot available for development, offered by the Detroit Land Bank, with noted lot dimensions of 45x105.
Property SizeContact for details
Lot Size0.11 Acres
Days on Market676
Property Features for 2537 Canton Street
General Information
Standard status
Active
Lot size
0.11 Acres
Property subtype
Land
Listing Agency:
Keller Williams Realty-Great Lakes
(586) 210-3350
Listed By:
Erick Monzo · License #6501330189
(586) 210-3350
Source:
Compass
Added: Oct 7, 2024
Changed: Aug 8
Last Checked: Jul 20 at 8:30PM
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 Keller Williams Realty-Great Lakes
Investment Insights
Based on property information with market context.
Offered for sale by the Detroit Land Bank, this vacant residential lot presents a blank-canvas site with dimensions of 45x105. The Detroit Land Bank states it is seeking proposals to support activation and stewardship of vacant land sites, including options such as urban agriculture, gardening, or beautification, either for profit or community activation. Interested buyers are directed to consult the DLBA’s proposal guidelines for land-based sites, including its Guide to Plot Plan, Site Design, and Maintenance.
The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. The property is described as being just minutes from Downtown Detroit, while still within the Islandview neighborhood.
The DLBA notes that it is entitled to a tax capture for the five tax years subsequent to transferring ownership. It further states that this tax capture may be incompatible with tax abatements otherwise available to a selected purchaser, and that the DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests, determined based on the development proforma and the effect of any tax abatement on purchase and development financing.
The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. The property is described as being just minutes from Downtown Detroit, while still within the Islandview neighborhood.
The DLBA notes that it is entitled to a tax capture for the five tax years subsequent to transferring ownership. It further states that this tax capture may be incompatible with tax abatements otherwise available to a selected purchaser, and that the DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests, determined based on the development proforma and the effect of any tax abatement on purchase and development financing.
Key Highlights
- Vacant residential lot offered by the Detroit Land Bank
- Lot dimensions are 45x105
- DLBA seeks proposals for activation and stewardship of vacant land sites, including urban agriculture, gardening, or beautification (for profit or community activation)
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
418
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Vacant residential lot available for development, offered by the Detroit Land Bank, with noted lot dimensions of 45x105.
Where is this residential land & home lot located?
The property is located at 2537 Canton Street 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: Vacant residential lot offered by the Detroit Land Bank; Lot dimensions are 45x105; DLBA seeks proposals for activation and stewardship of vacant land sites, including urban agriculture, gardening, or beautification (for profit or community activation)
