Zoned Land for Multi-Family
For Sale
Contact for pricing
300 HORTON St, Detroit, MI 48202
Vacant land zoned 3, positioned for residential construction or multi-family development with required DLBA purchase approvals.
Property SizeContact for details
Days on Market108
Property Features for 300 HORTON St
General Information
Standard status
Active
Property subtype
Land
Zoning
3
Listing Agency:
RCH Brokerage Legacy, Inc.
(248) 440-2268
Listed By:
Clarence R Wilson · License #6501306589
(248) 440-2268
Source:
Elliman
Added: Apr 27
Changed: Aug 8
Last Checked: Apr 27 at 8:45PM
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 RCH Brokerage Legacy, Inc.
Investment Insights
Based on property information with market context.
This for-sale vacant land parcel is zoned 3 and is offered with the opportunity to build a dream home or pursue a multi-family development. The Detroit Land Bank Authority is the seller, and the purchase is subject to an application process that requires construction plans or precedent architectural images for the proposed development, along with a financing plan supported by proof of funds or a pre-approval letter for a new-construction loan.
The property is located near the Woodward corridor with convenient access to local businesses and institutions. Prospective buyers should also note that the Detroit Land Bank Authority is entitled to a tax capture for the five tax years following transfer of ownership, which may be incompatible with tax abatements otherwise available to the purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes, determined based on the development pro forma and the effect of any tax abatement on purchase and development financing.
WalkScore is 70 and BikeScore is 56, with a transitScore of 47, reflecting somewhat walkable and bikeable surroundings with some access to transit.
The property is located near the Woodward corridor with convenient access to local businesses and institutions. Prospective buyers should also note that the Detroit Land Bank Authority is entitled to a tax capture for the five tax years following transfer of ownership, which may be incompatible with tax abatements otherwise available to the purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes, determined based on the development pro forma and the effect of any tax abatement on purchase and development financing.
WalkScore is 70 and BikeScore is 56, with a transitScore of 47, reflecting somewhat walkable and bikeable surroundings with some access to transit.
Key Highlights
- Vacant land zoned 3, suitable for building a dream home or a multi‑family development
- Buyer must submit an application to the Detroit Land Bank Authority with construction plans or precedent architectural images and a financing plan (proof of funds or new‑construction pre‑approval letter)
- Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years after transferring ownership
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,190
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 - Vacant land zoned 3, positioned for residential construction or multi-family development with required DLBA purchase approvals.
Where is this residential land & home lot located?
The property is located at 300 HORTON 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: Vacant land zoned 3, suitable for building a dream home or a multi‑family development; Buyer must submit an application to the Detroit Land Bank Authority with construction plans or precedent architectural images and a financing plan (proof of funds or new‑construction pre‑approval letter); Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years after transferring ownership
