Residential Infill Development
For Sale
$35,000
278 Belmont Street, Detroit, MI 48202
Zoned residential land offered as part of a five-parcel bundle that must be purchased together.
Property SizeContact for details
Days on Market227
Property Features for 278 Belmont Street
General Information
Standard status
Active
Property subtype
Land
Zoning
residential
Listing Agency:
Keller Williams Realty-Great Lakes
(586) 808-6436
Listed By:
Erick Monzo · License #6501330189
(586) 808-6436
Source:
Compass
Added: Dec 28, 2025
Changed: Aug 8
Last Checked: Jul 12 at 2:33AM
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.
This offering consists of residentially zoned land that must be sold together with four contiguous parcels: 278 Belmont, 288 Belmont, 296 Belmont, and 302 Belmont. The parcels cannot be split, and the bundle is being marketed for small- to medium-scale infill development.
Interested buyers are instructed to submit a proposal that includes a project proposal outlining intended structure use and timeline, proof of funds, a scope of work with a breakdown of renovation costs, and proof of previous projects with addresses and photos. Additional context is referenced through relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department.
DLBA notes it is entitled to a tax capture for the five tax years following transfer of ownership, and that this tax capture may be incompatible with other tax abatements. Requests to waive tax capture rights are reviewed, and approval may require a payment in lieu of taxes based on the development proforma and the effect of any tax abatement.
Interested buyers are instructed to submit a proposal that includes a project proposal outlining intended structure use and timeline, proof of funds, a scope of work with a breakdown of renovation costs, and proof of previous projects with addresses and photos. Additional context is referenced through relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department.
DLBA notes it is entitled to a tax capture for the five tax years following transfer of ownership, and that this tax capture may be incompatible with other tax abatements. Requests to waive tax capture rights are reviewed, and approval may require a payment in lieu of taxes based on the development proforma and the effect of any tax abatement.
Key Highlights
- Zoned residential land offered as part of a bundle that must be sold together (278 Belmont, 288 Belmont, 296 Belmont, 302 Belmont).
- Four contiguous Belmont parcels are required to be purchased together and cannot be split.
- DLBA will consider infill development proposals; submitted proposals must include a project proposal and timeline.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
328
Businesses Nearby
Explore this area
Business Placement
Demographics for 48202, MI
17,260
Population
10,078
Households
1.7
Avg Household Size
32
Median Age
38%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
5,076
Density / Sq Mi
$36,536
Median Household Income
$31,725
Median Earnings
$894
Median Rent
$193,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Zoned residential land offered as part of a five-parcel bundle that must be purchased together.
Where is this residential land & home lot located?
The property is located at 278 Belmont Street Detroit, MI.
What is the asking price?
The asking price for this property is $35,000.
What are key features of this property?
This property features: Zoned residential land offered as part of a bundle that must be sold together (278 Belmont, 288 Belmont, 296 Belmont, 302 Belmont).; Four contiguous Belmont parcels are required to be purchased together and cannot be split.; DLBA will consider infill development proposals; submitted proposals must include a project proposal and timeline.
