Infill Residential Development
For Sale
Contact for pricing
4444 Grandy Street, Detroit, MI 48207
Sale includes eight adjacent lots for infill residential development, subject to a development agreement and DLBA tax capture terms.
Property SizeContact for details
Days on Market772
Property Features for 4444 Grandy 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: Jul 3, 2024
Changed: Aug 8
Last Checked: Jul 20 at 11:13AM
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 sale presents an infill residential development opportunity consisting of eight adjacent lots located at 4444, 4402, 4410, 4418, 4424, 4428, 4434 and 4440 Grandy. The offering is contingent on a buyer/seller executed development agreement.
The lots are described as being near Detroit’s Poletown East neighborhood and in proximity to Warren Meldrum Park, Callahan Playground, and Faygo Beverages.
Please note that upon transfer, the Detroit Land Bank Authority is entitled to a tax capture for the five tax years following ownership transfer. The tax capture may be incompatible with tax abatements and lot combinations available to a selected purchaser; DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes, determined based on the development proforma and the effect of any tax abatements on purchase and development financing.
The lots are described as being near Detroit’s Poletown East neighborhood and in proximity to Warren Meldrum Park, Callahan Playground, and Faygo Beverages.
Please note that upon transfer, the Detroit Land Bank Authority is entitled to a tax capture for the five tax years following ownership transfer. The tax capture may be incompatible with tax abatements and lot combinations available to a selected purchaser; DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes, determined based on the development proforma and the effect of any tax abatements on purchase and development financing.
Key Highlights
- Sale includes 8 adjacent lots for infill residential development
- Lots included: 4444, 4402, 4410, 4418, 4424, 4428, 4434 & 4440 Grandy
- Sale is contingent on a buyer/seller executed development agreement
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
Explore this area
Business Placement
Demographics for 48207, MI
21,704
Population
13,026
Households
1.7
Avg Household Size
42
Median Age
35%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
3,445
Density / Sq Mi
$44,561
Median Household Income
$43,377
Median Earnings
$1,040
Median Rent
$193,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Sale includes eight adjacent lots for infill residential development, subject to a development agreement and DLBA tax capture terms.
Where is this residential land & home lot located?
The property is located at 4444 Grandy Street Detroit, MI.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: Sale includes 8 adjacent lots for infill residential development; Lots included: 4444, 4402, 4410, 4418, 4424, 4428, 4434 & 4440 Grandy; Sale is contingent on a buyer/seller executed development agreement
