Contiguous Vacant Development
For Sale
$38,000
4488 Humboldt St, Detroit, MI 48208
Seven contiguous vacant residential lots are offered together near Grand River Ave and Buchanan St in Detroit.
Property SizeContact for details
Lot Size0.44 Acres
Days on Market27
Property Features for 4488 Humboldt St
General Information
Standard status
Active
Lot size
0.44 Acres
Property subtype
Land
Zoning
residential
Listing Agency:
SCS Great Lakes INC
(586) 210-3350
Listed By:
Erick Monzo
(586) 210-3350
Source:
Elliman
Added: Jul 16
Changed: Aug 8
Last Checked: Jul 16 at 7:18PM
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 SCS Great Lakes INC
Investment Insights
Based on property information with market context.
This listing presents seven contiguous vacant lots offered as a single bundle for residential infill development. Addresses included are 2633 W Forest Ave, 2641 W Forest, 2647 W Forest, 2651 W Forest, 2657 W Forest, 2665 W Forest, and 4488 Humboldt. The package totals approximately 0.44 acres and must be purchased together and cannot be separated.
The lots are located in Detroit in a residentially zoned area near Grand River Ave and Buchanan St. The Detroit Land Bank Authority recommends reviewing Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional neighborhood context.
Sale is contingent on execution of a DLBA Renovation/Development Agreement. The DLBA is entitled to a tax recapture for the five tax years following transfer of ownership, which may affect certain abatements or lot combinations. Buyers must submit a proposal including a project plan and timeline, proof of funds, a scope of work and renovation cost breakdown, and proof of previous projects with addresses and photos. Waiver requests are considered case by case and may require a payment in lieu of taxes.
The lots are located in Detroit in a residentially zoned area near Grand River Ave and Buchanan St. The Detroit Land Bank Authority recommends reviewing Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional neighborhood context.
Sale is contingent on execution of a DLBA Renovation/Development Agreement. The DLBA is entitled to a tax recapture for the five tax years following transfer of ownership, which may affect certain abatements or lot combinations. Buyers must submit a proposal including a project plan and timeline, proof of funds, a scope of work and renovation cost breakdown, and proof of previous projects with addresses and photos. Waiver requests are considered case by case and may require a payment in lieu of taxes.
Key Highlights
- Seven contiguous vacant residential lots offered together only (2633 W Forest Ave; 2641, 2647, 2651, 2657, 2665 W Forest; 4488 Humboldt).
- Total land area approximately 0.44 acres across the seven lots.
- Located near Grand River Ave and Buchanan St in Detroit’s Core City neighborhood.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
379
Businesses Nearby
Explore this area
Business Placement
Demographics for 48208, MI
8,090
Population
5,226
Households
1.5
Avg Household Size
37
Median Age
27%
College-Educated
79%
High-School Grad
3.2 sq mi
ZIP Area
2,528
Density / Sq Mi
$29,742
Median Household Income
$39,526
Median Earnings
$842
Median Rent
$186,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Seven contiguous vacant residential lots are offered together near Grand River Ave and Buchanan St in Detroit.
Where is this residential land & home lot located?
The property is located at 4488 Humboldt St Detroit, MI.
What is the asking price?
The asking price for this property is $38,000.
What are key features of this property?
This property features: Seven contiguous vacant residential lots offered together only (2633 W Forest Ave; 2641, 2647, 2651, 2657, 2665 W Forest; 4488 Humboldt).; Total land area approximately 0.44 acres across the seven lots.; Located near Grand River Ave and Buchanan St in Detroit’s Core City neighborhood.
