Rosa Parks Blvd Land
For Sale
$101,400
Pending
2738 Rosa Parks Blvd, Detroit, MI 48216
Land in NEZ District, ideal for diverse residential development.
Property SizeContact for details
Days on Market1784
Property Features for 2738 Rosa Parks Blvd
General Information
Standard status
Pending
Property subtype
Land
Site & Location
Neighborhood
North Corktown
Listing Agency:
Real Estate One-Southfield
Listed By:
Gene Kelley II · License #6501293908
(248) 723-0055
Source:
Exprealty
Added: Dec 4, 2021
Changed: Oct 8
Last Checked: Oct 23 at 8:42AM
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 Real Estate One-Southfield
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Investment Insights
Based on property information with market context.
The properties at 2738 and 2728 Rosa Parks Boulevard are included in the newly formed NEZ District. Development on this land should define space in a meaningful way and be designed to complement the community. The intended use is to provide a diverse residential stock and density at a variety of price points and ownership types, including rental and owned housing. Housing types should also vary. Densities should support opportunities for neighborhood commercial investments and job creation, stimulating growth in the local economy. The DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. This tax capture may be incompatible with tax abatements that are otherwise available to the selected purchaser. The DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and the effect of any tax abatement on the purchase and development financing.
Key Highlights
- Located within the newly formed NEZ (Neighborhood Enterprise Zone) District
- Intended to support neighborhood commercial investments and job creation
- Aims to stimulate growth in the local economy
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Location Intelligence
Trade Area within ½ mile
718
Businesses Nearby
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Business Placement
Demographics for 48216, MI
5,031
Population
3,398
Households
1.5
Avg Household Size
35
Median Age
37%
College-Educated
87%
High-School Grad
2.3 sq mi
ZIP Area
2,187
Density / Sq Mi
$42,278
Median Household Income
$42,189
Median Earnings
$860
Median Rent
$225,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Land - Land in NEZ District, ideal for diverse residential development.
Where is this land located?
The property is located at 2738 Rosa Parks Blvd Detroit, MI.
What is the asking price?
The asking price for this property is $101,400.
What are key features of this property?
This property features: Located within the newly formed NEZ (Neighborhood Enterprise Zone) District; Intended to support neighborhood commercial investments and job creation; Aims to stimulate growth in the local economy
