Vacant Residential Lot
For Sale
$38,000
2657 W Forest Ave, Detroit, MI 48208
Seven contiguous vacant lots are offered together for residential infill development under a Detroit Land Bank Authority agreement.
Property SizeContact for details
Lot Size0.44 Acres
Days on Market27
Property Features for 2657 W Forest Ave
General Information
Standard status
Active
Lot size
0.44 Acres
Property subtype
Land
Zoning
residential
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 that must be purchased together and cannot be separated. The package includes addresses listed as 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 the City of Detroit’s Neighborhood Framework Plans are recommended for additional neighborhood context.
The property is described as being near Grand River Ave and Buchanan St. BikeScore and walkability metrics are noted, with the area identified as more bikeable than walk-dependent, and with some transit.
The sale is contingent on execution of a DLBA Renovation/Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five tax years following transfer of ownership, which may not align with certain abatements or specific lot combinations. Waiver requests may be considered case-by-case and could require a payment in lieu of taxes after review of the development pro forma and financing.
The property is described as being near Grand River Ave and Buchanan St. BikeScore and walkability metrics are noted, with the area identified as more bikeable than walk-dependent, and with some transit.
The sale is contingent on execution of a DLBA Renovation/Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five tax years following transfer of ownership, which may not align with certain abatements or specific lot combinations. Waiver requests may be considered case-by-case and could require a payment in lieu of taxes after review of the development pro forma and financing.
Key Highlights
- Seven contiguous vacant lots offered together for residential infill development: 2633 W Forest Ave, 2641 W Forest, 2647 W Forest, 2651 W Forest, 2657 W Forest, 2665 W Forest, and 4488 Humboldt
- Total combined lot area is approximately 0.44 acres
- All lots must be purchased together and cannot be separated
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Seven contiguous vacant lots are offered together for residential infill development under a Detroit Land Bank Authority agreement.
Where is this residential land & home lot located?
The property is located at 2657 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: Seven contiguous vacant lots offered together for residential infill development: 2633 W Forest Ave, 2641 W Forest, 2647 W Forest, 2651 W Forest, 2657 W Forest, 2665 W Forest, and 4488 Humboldt; Total combined lot area is approximately 0.44 acres; All lots must be purchased together and cannot be separated
