Residential Development Vacant
For Sale
Contact for pricing
3254 CANTON St, Detroit, MI 48207
Vacant residential lot offered by the Detroit Land Bank for infill development in Islandview.
Property SizeContact for details
Days on Market28
Property Features for 3254 CANTON St
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
SCS Great Lakes INC
(586) 210-3350
Listed By:
Erick Monzo
(586) 210-3350
Source:
Elliman
Added: Jul 16
Changed: Aug 8
Last Checked: Jul 16 at 5:41PM
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 SCS Great Lakes INC
Investment Insights
Based on property information with market context.
This vacant residential lot is offered by the Detroit Land Bank as part of a newest infill listing development site. The property is located at 3254 Canton St in the Islandview neighborhood.
The Detroit Land Bank recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. Public transit, walking, and biking scores are reported as 54 (Good Transit), 51 (Somewhat Walkable), and 68 (Bikeable).
The Detroit Land Bank notes that it is entitled to a tax capture for the five tax years subsequent to transferring ownership. The tax capture may be incompatible with tax abatements that may otherwise be available to a selected purchaser. The DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes, determined based on the development proforma and the effect of any tax abatement on purchase and development financing.
The Detroit Land Bank recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. Public transit, walking, and biking scores are reported as 54 (Good Transit), 51 (Somewhat Walkable), and 68 (Bikeable).
The Detroit Land Bank notes that it is entitled to a tax capture for the five tax years subsequent to transferring ownership. The tax capture may be incompatible with tax abatements that may otherwise be available to a selected purchaser. The DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes, determined based on the development proforma and the effect of any tax abatement on purchase and development financing.
Key Highlights
- Vacant residential lot offered by the Detroit Land Bank for infill development in the Islandview neighborhood
- Located minutes from Downtown Detroit
- BikeScore 68 (Bikeable), walkScore 51 (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
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Vacant residential lot offered by the Detroit Land Bank for infill development in Islandview.
Where is this residential land & home lot located?
The property is located at 3254 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: Vacant residential lot offered by the Detroit Land Bank for infill development in the Islandview neighborhood; Located minutes from Downtown Detroit; BikeScore 68 (Bikeable), walkScore 51 (Somewhat Walkable), transitScore 54 (Good Transit)
