3567 LOVETT Street Detroit, MI 48210

Listing agent Natasha C Richards License #6502385914 Show Phone

Listing office Bellabay Realty Tri Counties n***@comcast.net 37361 Eight Mile Road, Livonia, MI Show Phone

Listing date Apr 7, 2025

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MLS# 20250023719 Listing URL

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Investment Insights

Based on property information with market context.

Eight lots totaling over 35,000 square feet are available, presenting a development opportunity near Corktown and downtown Detroit. The land is suitable for small- to medium-scale infill development aimed at increasing housing supply, restoring the urban fabric, and enhancing density and walkability. The Detroit Land Bank Authority (DLBA) is seeking proposals for new build opportunities and recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional neighborhood context. Addresses included are 3567, 3555, 3533, 3539, 3545, 3549, 3561, 3573 Lovett. The DLBA is entitled to a tax capture for the 5 tax years following property ownership transfer, which may affect tax abatements or lot combinations. The DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes, determined after reviewing the development proforma and the effect of any tax abatements on financing. Interested buyers should consult the DLBA proposal guidelines.

Key Highlights

• Large land area: Over 35,000 square feet across 8 lots.
• Prime location: Close to Corktown and downtown Detroit.
• Investment opportunity: Attractive for development.

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FAQs

What type of property is this?

Residential land & home lot - Eight residential lots near Corktown and downtown Detroit.

Where is this residential land & home lot located?

The property is located at 3567 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: Large land area: Over 35,000 square feet across 8 lots.; Prime location: Close to Corktown and downtown Detroit.; Investment opportunity: Attractive for development.