Infill Development Land
For Sale
Contact for pricing
314 Melbourne Street, Detroit, MI 48202
Vacant land offered for small- to medium-scale infill development, sold together with an adjacent parcel.
Property SizeContact for details
Days on Market139
Property Features for 314 Melbourne Street
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
RCH Brokerage Legacy Inc
(313) 510-7887
Listed By:
Leonard A Pickett · License #6501306589
(313) 510-7887
Source:
Compass
Added: Mar 27
Changed: Aug 8
Last Checked: Jul 20 at 8:55AM
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.
Vacant land located in Detroit’s North End area and offered for infill development. The lot is being sold together with 306 Melbourne Street, and the two parcels combined total 8,800 square feet; they are not offered separately.
The Detroit Land Bank Authority (DLBA) is seeking proposals for small- to medium-scale infill development intended to increase housing supply and help restore the urban fabric, including density and walkability. Interested buyers should review DLBA proposal guidelines for new build opportunities and any relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department.
All offers must be supported by Proof of Funds, with funds meeting or exceeding development costs. DLBA is entitled to a tax capture for the five tax years after transferring ownership, which may be incompatible with other tax abatement availability; DLBA may review requests to waive tax capture rights and may require a payment in lieu of taxes based on the development pro forma and any tax abatement impacts. See attached documents for DLBA requirements and offer submission instructions.
The Detroit Land Bank Authority (DLBA) is seeking proposals for small- to medium-scale infill development intended to increase housing supply and help restore the urban fabric, including density and walkability. Interested buyers should review DLBA proposal guidelines for new build opportunities and any relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department.
All offers must be supported by Proof of Funds, with funds meeting or exceeding development costs. DLBA is entitled to a tax capture for the five tax years after transferring ownership, which may be incompatible with other tax abatement availability; DLBA may review requests to waive tax capture rights and may require a payment in lieu of taxes based on the development pro forma and any tax abatement impacts. See attached documents for DLBA requirements and offer submission instructions.
Key Highlights
- Vacant land in Detroit’s North End area.
- Sold together with 306 Melbourne; not offered separately.
- Both lots total 8,800 sq ft.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,659
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 offered for small- to medium-scale infill development, sold together with an adjacent parcel.
Where is this residential land & home lot located?
The property is located at 314 Melbourne Street 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 in Detroit’s North End area.; Sold together with 306 Melbourne; not offered separately.; Both lots total 8,800 sq ft.
