Contiguous Vacant Lot Development
For Sale
$38,000
2633 W Forest Ave, Detroit, MI 48208
Seven vacant lots are offered together for residential infill development, contingent on a DLBA renovation agreement.
Property SizeContact for details
Days on Market28
Property Features for 2633 W Forest Ave
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
SCS Great Lakes INC
(586) 210-3350
Listed By:
Erick Monzo
(586) 210-3350
Source:
Elliman
Added: Jul 16
Changed: Aug 8
Last Checked: Jul 16 at 7:18PM
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 SCS Great Lakes INC
Investment Insights
Based on property information with market context.
This offering includes seven contiguous vacant lots available as a single package: 2633 W Forest Ave, 2641 W Forest, 2647 W Forest, 2651 W Forest, 2657 W Forest, 2665 W Forest, and 4488 Humboldt. The lots are zoned residential, and they must be purchased together with no separation.
The property is situated near Grand River Ave and Buchanan St in Detroit’s Core City neighborhood. The Detroit Land Bank Authority notes that buyers should review applicable Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional neighborhood context.
Sale is contingent upon execution of a DLBA Renovation/Development Agreement. Buyers are required to submit a proposal that includes the intended use and timeline, proof of funds, a scope of work with renovation cost breakdown, and proof of previous projects. The DLBA is entitled to tax recapture for the five tax years following transfer of ownership, and waiver requests are considered case by case.
The property is situated near Grand River Ave and Buchanan St in Detroit’s Core City neighborhood. The Detroit Land Bank Authority notes that buyers should review applicable Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional neighborhood context.
Sale is contingent upon execution of a DLBA Renovation/Development Agreement. Buyers are required to submit a proposal that includes the intended use and timeline, proof of funds, a scope of work with renovation cost breakdown, and proof of previous projects. The DLBA is entitled to tax recapture for the five tax years following transfer of ownership, and waiver requests are considered case by case.
Key Highlights
- Bundle of 7 contiguous vacant lots offered together only, at 2633 W Forest Ave, 2641 W Forest, 2647 W Forest, 2651 W Forest, 2657 W Forest, 2665 W Forest, and 4488 Humboldt
- Combined total land area of approximately 0.44 acres
- Located near Grand River Ave and Buchanan St in the Core City neighborhood
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,253
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
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Seven vacant lots are offered together for residential infill development, contingent on a DLBA renovation agreement.
Where is this residential land & home lot located?
The property is located at 2633 W Forest Ave Detroit, MI.
What is the asking price?
The asking price for this property is $38,000.
What are key features of this property?
This property features: Bundle of 7 contiguous vacant lots offered together only, at 2633 W Forest Ave, 2641 W Forest, 2647 W Forest, 2651 W Forest, 2657 W Forest, 2665 W Forest, and 4488 Humboldt; Combined total land area of approximately 0.44 acres; Located near Grand River Ave and Buchanan St in the Core City neighborhood
