Infill Development Land
For Sale
Contact for pricing
2995 CANTON St, Detroit, MI 48207
Infill lot sized 41 by 105, offered by the Detroit Land Bank Authority for small- to medium-scale development.
Property SizeContact for details
Days on Market28
Property Features for 2995 CANTON St
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
Bellabay Realty Tri-Counties
(248) 274-6614
Listed By:
Natasha C Richards · License #6502385914
(248) 274-6614
Source:
Elliman
Added: Jul 16
Changed: Aug 8
Last Checked: Jul 16 at 5:36PM
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 Bellabay Realty Tri-Counties
Investment Insights
Based on property information with market context.
This Islandview infill lot is offered for small- to medium-scale development and is sized at 41 by 105. The Detroit Land Bank Authority is seeking proposals aimed at increasing housing supply and restoring the urban fabric, including density and walkability. Interested parties should review the DLBA proposal guidelines for details on available new build opportunities.
The property is located at 2995 Canton St in Detroit, MI 48207. BikeScore is listed as 68 (Bikeable), WalkScore as 50 (Somewhat Walkable), and transitScore as 54 (Good Transit).
The 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 tax abatements and/or lot combinations available to a selected purchaser. Requests to waive the tax capture rights are reviewed by the DLBA and may require a payment in lieu of taxes, determined based on the development proforma and the effect of any tax abatements on purchase and development financing.
The property is located at 2995 Canton St in Detroit, MI 48207. BikeScore is listed as 68 (Bikeable), WalkScore as 50 (Somewhat Walkable), and transitScore as 54 (Good Transit).
The 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 tax abatements and/or lot combinations available to a selected purchaser. Requests to waive the tax capture rights are reviewed by the DLBA and may require a payment in lieu of taxes, determined based on the development proforma and the effect of any tax abatements on purchase and development financing.
Key Highlights
- Detroit Land Bank Authority infill lot: 41 x 105
- DLBA infill development opportunity aimed at increasing housing supply and restoring urban fabric
- BikeScore 68 (bikeable), WalkScore 50 (somewhat walkable), TransitScore 54 (good transit)
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 - Infill lot sized 41 by 105, offered by the Detroit Land Bank Authority for small- to medium-scale development.
Where is this residential land & home lot located?
The property is located at 2995 CANTON St 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: Detroit Land Bank Authority infill lot: 41 x 105; DLBA infill development opportunity aimed at increasing housing supply and restoring urban fabric; BikeScore 68 (bikeable), WalkScore 50 (somewhat walkable), TransitScore 54 (good transit)
