Infill Development Land
For Sale
$60,000
3743 Edison Street, Detroit, MI 48206
Six residential lots are included in the sale for small- to medium-scale infill development proposals.
Property SizeContact for details
Days on Market850
Property Features for 3743 Edison 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 16, 2024
Changed: Aug 8
Last Checked: Jul 20 at 1:26PM
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 six residential land lots: 3743, 3751, 3761, 3767, 3775, and 3785 Edison Street. The sale is presented as an infill build opportunity under the Detroit Land Bank Authority’s proposal process.
The DLBA is seeking proposals for small- to medium-scale infill development intended to increase housing supply and help restore the urban fabric, with an emphasis on density and walkability. Interested buyers are directed to consult the DLBA proposal guidelines for new build opportunities and to review relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context.
Please note the DLBA is entitled to a tax capture for the five tax years subsequent to transferring ownership. The tax capture may be incompatible with tax abatements otherwise available to the selected purchaser, and payment will be determined based on review of the development pro forma and the effect of any tax abatements on the purchase and development financing.
The DLBA is seeking proposals for small- to medium-scale infill development intended to increase housing supply and help restore the urban fabric, with an emphasis on density and walkability. Interested buyers are directed to consult the DLBA proposal guidelines for new build opportunities and to review relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context.
Please note the DLBA is entitled to a tax capture for the five tax years subsequent to transferring ownership. The tax capture may be incompatible with tax abatements otherwise available to the selected purchaser, and payment will be determined based on review of the development pro forma and the effect of any tax abatements on the purchase and development financing.
Key Highlights
- Six residential lots included in the sale for small- to medium‑scale infill development proposals
- Lot addresses included: 3743, 3751, 3761, 3767, 3775, and 3785 Edison
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
Explore this area
Business Placement
Demographics for 48206, MI
15,712
Population
10,784
Households
1.5
Avg Household Size
38
Median Age
24%
College-Educated
89%
High-School Grad
3.1 sq mi
ZIP Area
5,068
Density / Sq Mi
$43,702
Median Household Income
$36,674
Median Earnings
$923
Median Rent
$102,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Six residential lots are included in the sale for small- to medium-scale infill development proposals.
Where is this residential land & home lot located?
The property is located at 3743 Edison Street Detroit, MI.
What is the asking price?
The asking price for this property is $60,000.
What are key features of this property?
This property features: Six residential lots included in the sale for small- to medium‑scale infill development proposals; Lot addresses included: 3743, 3751, 3761, 3767, 3775, and 3785 Edison
