Residential Land Investment
For Sale
Contact for pricing
4444 GRANDY Street, Detroit, MI 48207
Vacant Land, Detroit, MI
Property SizeContact for details
Lot Size0.06 Acres
Days on Market783
Property Features for 4444 GRANDY Street
General Information
Property type
Land
Property subtype
Other
Zoning
Residential
Subdivision
GRANDYS PLAT OF SUB OF LOT 56 & LOTS 64 & 66
Elementary school district
Detroit
Middle school district
Detroit
High school district
Detroit
Directions
S of Forest/E of Dequindre
Standard status
Active
APN
W11I003643S
Lot size
0.06 Acres
Taxes and HOA fees
Tax Description
E GRANDY 1 BLK 56 GRANDYS SUB L3 P74 PLATS, W C R 11/107 27 X 101.5
Legal Description
E GRANDY 1 BLK 56 GRANDYS SUB L3 P74 PLATS, W C R 11/107 27 X 101.5
Utilities
Water source
Public
Listing Agency:
Bellabay Realty Tri Counties
(248) 274-6614
Listed By:
Natasha C Richards · License #6502385914
(248) 274-6614
Added: Jul 3, 2024
Changed: Aug 19
Last Checked: Aug 24 at 8:06PM
MLS# 20240047510
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Investment Insights
Based on property information with market context.
This is an investment opportunity for infill residential development located near Detroit's Poletown East neighborhood, in proximity to Warren Meldrum Park, Callahan Playground, and Faygo Beverages. The sale includes eight adjacent lots: 4444, 4402, 4410, 4418, 4424, 4428, 4434, and 4440 Grandy. The sale is contingent on a buyer/seller executed development agreement. The Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and lot combinations that are otherwise available to the selected purchaser. The Detroit Land Bank Authority will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing. The total lot size is 0.06 acres.
Key Highlights
- Infill residential development opportunity.
- Includes 8 adjacent lots.
- Located near Detroit's Poletown East neighborhood.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
276
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 - Eight adjacent lots for residential development near Poletown East.
Where is this residential land & home lot located?
The property is located at 4444 GRANDY Street Detroit, MI.
What are key features of this property?
This property features: Infill residential development opportunity.; Includes 8 adjacent lots.; Located near Detroit's Poletown East neighborhood.
