Infill Residential Development
For Sale
$120,000
3539 LOVETT St, Detroit, MI 48210
Parcel package includes eight lots on Lovett Street, offered for small- to medium-scale infill development.
Property SizeContact for details
Days on Market28
Property Features for 3539 LOVETT St
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
Bellabay Realty Tri-Counties
(248) 274-6614
Listed By:
Natasha C Richards · License #6502385914
(248) 274-6614
Source:
Elliman
Added: Jul 16
Changed: Aug 8
Last Checked: Jul 16 at 5:48PM
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 Bellabay Realty Tri-Counties
Investment Insights
Based on property information with market context.
This offering consists of eight residential land lots with a combined area of over 35,000 square feet. Addresses included are 3533, 3539, 3545, 3549, 3555, 3561, 3567, and 3573 Lovett Street. The property is being marketed by the Detroit Land Bank Authority for proposals aligned with small- to medium-scale infill development.
The DLBA notes the goal of increasing housing supply and restoring the urban fabric, including density and walkability, and directs interested buyers to review the DLBA proposal guidelines and relevant City of Detroit Neighborhood Framework Plans for additional context. The Detroit Land Bank Authority is also entitled to a tax capture for the five tax years following transfer of ownership, which may be incompatible with available tax abatements and/or lot combinations; requests to waive tax capture may require a payment in lieu of taxes determined through the development proforma and financing impacts.
For preliminary planning, the DLBA indicates the area scores 82 for bikeability, 64 for walkability, and 41 for transit.
The DLBA notes the goal of increasing housing supply and restoring the urban fabric, including density and walkability, and directs interested buyers to review the DLBA proposal guidelines and relevant City of Detroit Neighborhood Framework Plans for additional context. The Detroit Land Bank Authority is also entitled to a tax capture for the five tax years following transfer of ownership, which may be incompatible with available tax abatements and/or lot combinations; requests to waive tax capture may require a payment in lieu of taxes determined through the development proforma and financing impacts.
For preliminary planning, the DLBA indicates the area scores 82 for bikeability, 64 for walkability, and 41 for transit.
Key Highlights
- 8 lots on Lovett Street totaling over 35,000 sq ft, offered as a parcel package.
- Addresses include 3539, 3555, 3533, 3545, 3549, 3561, 3567, and 3573 Lovett.
- DLBA seeks proposals for small- to medium‑scale infill development to increase housing supply and restore urban fabric.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
Explore this area
Business Placement
Demographics for 48210, MI
27,155
Population
10,576
Households
2.6
Avg Household Size
28
Median Age
9%
College-Educated
57%
High-School Grad
4.9 sq mi
ZIP Area
5,542
Density / Sq Mi
$38,900
Median Household Income
$25,220
Median Earnings
$968
Median Rent
$60,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Parcel package includes eight lots on Lovett Street, offered for small- to medium-scale infill development.
Where is this residential land & home lot located?
The property is located at 3539 LOVETT St Detroit, MI.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: 8 lots on Lovett Street totaling over 35,000 sq ft, offered as a parcel package.; Addresses include 3539, 3555, 3533, 3545, 3549, 3561, 3567, and 3573 Lovett.; DLBA seeks proposals for small- to medium‑scale infill development to increase housing supply and restore urban fabric.
