Infill Development Land
For Sale
$30,000
3301 ROOSEVELT Street, Detroit, MI 48208
Residential development lot requiring design review approvals and a bundled-purchase proposal process.
Property SizeContact for details
Days on Market44
Property Features for 3301 ROOSEVELT Street
General Information
Standard status
Active
Property subtype
Land
Zoning
Residential
Amenities
no
Square Feet
Public Sewer
Public
0.08
Acres
36
Paved
36 x 92
Listing Agency:
RCH Brokerage Legacy, Inc.
(248) 440-2268
Listed By:
Leonard Pickett · License #6501306589
(248) 440-2268
Source:
Rchbrokerage.idxbroker
Added: Jun 30
Changed: Aug 8
Last Checked: Jul 1 at 12:53AM
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 offering is for a residential land and home lot intended for infill housing development. The property is being sold as part of a bundle that includes 3309 and 3315 Roosevelt, and it is not available for separate sale. A buyer must submit a proposal that includes construction plans or precedent architectural images for the proposed development, along with a financing plan supported by proof of funds, a pre-application letter, or a new construction loan for the property.
Approval is required through the city of Detroit’s Design Review process for the proposed project. The documentation provided also notes potential compatibility issues between tax capture and any tax abatement that may otherwise be available to the selected purchaser. The DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes, with the amount determined during the review of the development financing.
For developers and builders looking to move forward with an infill housing project on a parcel that participates in a multi-lot bundle, this process outlines key submission and approval requirements up front. Proposals are to be submitted through a Google Doc application using the link included in the attachments. All details should be reviewed in the provided DLBA requirements prior to preparing an offer.
Approval is required through the city of Detroit’s Design Review process for the proposed project. The documentation provided also notes potential compatibility issues between tax capture and any tax abatement that may otherwise be available to the selected purchaser. The DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes, with the amount determined during the review of the development financing.
For developers and builders looking to move forward with an infill housing project on a parcel that participates in a multi-lot bundle, this process outlines key submission and approval requirements up front. Proposals are to be submitted through a Google Doc application using the link included in the attachments. All details should be reviewed in the provided DLBA requirements prior to preparing an offer.
Key Highlights
- Residential development lot (0.08 acres) with 36 ft paved road frontage
- Lot dimensions are 36 x 92
- Utilities available: public water and public sewer
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
592
Businesses Nearby
Explore this area
Business Placement
Demographics for 48208, MI
8,090
Population
5,226
Households
1.5
Avg Household Size
37
Median Age
27%
College-Educated
79%
High-School Grad
3.2 sq mi
ZIP Area
2,528
Density / Sq Mi
$29,742
Median Household Income
$39,526
Median Earnings
$842
Median Rent
$186,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Residential development lot requiring design review approvals and a bundled-purchase proposal process.
Where is this residential land & home lot located?
The property is located at 3301 ROOSEVELT Street Detroit, MI.
What is the asking price?
The asking price for this property is $30,000.
What are key features of this property?
This property features: Residential development lot (0.08 acres) with 36 ft paved road frontage; Lot dimensions are 36 x 92; Utilities available: public water and public sewer
