Residential Infill Development
For Sale
$120,000
3545 Lovett Street, Detroit, MI 48210
Eight residential lots totaling more than 35,000 square feet are available for infill development near downtown Detroit.
Property SizeContact for details
Days on Market494
Property Features for 3545 Lovett Street
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
Bellabay Realty Tri Counties
(313) 204-0310
Listed By:
Natasha C Richards · License #6502385914
(313) 204-0310
Source:
Compass
Added: Apr 7, 2025
Changed: Aug 8
Last Checked: Jul 20 at 6:03PM
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 includes eight residential lots presented for small- to medium-scale infill development, with a total area of more than 35,000 square feet. The assemblage includes addresses at 3533, 3539, 3545, 3549, 3555, 3561, 3567, and 3573 Lovett. The Detroit Land Bank Authority is seeking proposals intended to increase housing supply and support neighborhood restoration, including density and walkability.
The property is described as being close to Corktown and downtown Detroit. Interested buyers should review the applicable DLBA proposal guidelines for new build opportunities and consult the City of Detroit’s Neighborhood Framework Plans for additional neighborhood context.
The DLBA notes that it is entitled to a tax capture for the five tax years following transfer of ownership. The tax capture may be incompatible with tax abatements and/or lot combinations available to a selected purchaser, and the authority will review requests to waive its tax capture rights and may require a payment in lieu of taxes based on the development proforma and financing impact.
The property is described as being close to Corktown and downtown Detroit. Interested buyers should review the applicable DLBA proposal guidelines for new build opportunities and consult the City of Detroit’s Neighborhood Framework Plans for additional neighborhood context.
The DLBA notes that it is entitled to a tax capture for the five tax years following transfer of ownership. The tax capture may be incompatible with tax abatements and/or lot combinations available to a selected purchaser, and the authority will review requests to waive its tax capture rights and may require a payment in lieu of taxes based on the development proforma and financing impact.
Key Highlights
- Eight residential lots totaling 35,000+ SF available for infill development near downtown Detroit.
- Lot addresses include 3533, 3539, 3545, 3549, 3555, 3561, 3567, and 3573 Lovett.
- DLBA seeks proposals for small- to medium‑scale infill development to increase housing supply and density.
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
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Eight residential lots totaling more than 35,000 square feet are available for infill development near downtown Detroit.
Where is this residential land & home lot located?
The property is located at 3545 Lovett Street 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: Eight residential lots totaling 35,000+ SF available for infill development near downtown Detroit.; Lot addresses include 3533, 3539, 3545, 3549, 3555, 3561, 3567, and 3573 Lovett.; DLBA seeks proposals for small- to medium‑scale infill development to increase housing supply and density.
