Detroit Land Opportunity: 8,800
For Sale
Contact for pricing
314 Melbourne Street, Detroit, MI 48202
Vacant Land, Detroit, MI
Property SizeContact for details
Lot Size0.10 Acres
Days on Market135
Property Features for 314 Melbourne Street
General Information
Property type
Land
Property subtype
Other
Zoning
Residential
Subdivision
Mc Laughlin Bros Sub Of Lt 8
Elementary school district
Detroit
Middle school district
Detroit
High school district
Detroit
Directions
TAKE WOODWARD HEADED NORTH PAST E GRAND BLVD. MAKE A RIGHT ONTO MELBOURNE
Standard status
Active
APN
W01I002436S
Lot size
0.10 Acres
Taxes and HOA fees
Tax Description
S MELBOURNE 104MCLAUGHLIN BROS SUB L17 P73 PLATS, WCR 1/109 40 X 110
Legal Description
S MELBOURNE 104MCLAUGHLIN BROS SUB L17 P73 PLATS, WCR 1/109 40 X 110
Utilities
Water source
Public
Listing Agency:
RCH Brokerage Legacy Inc
(248) 440-2268
Listed By:
Leonard A Pickett III · License #350554
(248) 440-2268
Added: Apr 10
Changed: Aug 20
Last Checked: Aug 22 at 4:06PM
MLS# 20261023954
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Investment Insights
Based on property information with market context.
Located in Detroit's North End area, this lot is sold with 306 Melbourne, totaling 8,800 sqft. These lots are not sold separately. The Detroit Land Bank Authority (DLBA) is seeking proposals for small- to medium-scale infill development. The goal is to increase housing supply and restore the urban fabric, as well as density and walkability. Interested buyers should consult DLBA proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. All offers must be supported by Proof of Funds (funds should meet or exceed development costs). The DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. 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 effect of any tax abatement on the purchase and development financing. See attached documents for DLBA requirements and offer submission information.
Key Highlights
- Large 8,800 sqft lot is suitable for development
- Located in Detroit's North End area
- Opportunity for infill development to increase housing
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,721
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?
Land - Land opportunity in Detroit's North End, totaling 8,800 sqft.
Where is this land located?
The property is located at 314 Melbourne Street Detroit, MI.
What are key features of this property?
This property features: Large 8,800 sqft lot is suitable for development; Located in Detroit's North End area; Opportunity for infill development to increase housing
