Buildable Land in Hamtramck
For Sale
Contact for pricing
Pending
5201 CASMERE Street, Hamtramck, MI 48212
Three vacant lots for development in Hamtramck City, Michigan.
Property SizeContact for details
Lot Size0.37 Acres
Days on Market807
Property Features for 5201 CASMERE Street
General Information
Standard status
Pending
Lot size
0.37 Acres
Property subtype
Lots/Land
Listing Agency:
Real Estate One-Southfield
(248) 723-0055
Listed By:
Gene Kelley II · License #6501293908
(248) 723-0055
Source:
Exitrealty
Added: Jun 6, 2024
Changed: Aug 8
Last Checked: Aug 8 at 5:32AM
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 Real Estate One-Southfield
Investment Insights
Based on property information with market context.
Three vacant lots are available for development. The sale includes 5193 and 5183 Casmere, offering over 16,000 square feet of buildable space. The Detroit Land Bank Authority (DLBA) is seeking proposals for small- to medium-scale infill development. The goal is to increase housing supply, restore the urban fabric, and enhance density and walkability. Interested buyers should consult the DLBA proposal guidelines for new build opportunities and review relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional neighborhood context. The Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. This tax capture may be incompatible with tax abatements and/or lot combinations otherwise available to the selected purchaser. The DLBA 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 the effect of any tax abatements on the purchase and development financing. All showings are to be conducted by a licensed agent.
Key Highlights
- Three vacant lots offered together for development.
- Over 16,000 sqft of buildable space.
- Opportunity for small- to medium‑scale infill development.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
683
Businesses Nearby
Explore this area
Business Placement
Demographics for 48212, MI
43,192
Population
14,739
Households
2.9
Avg Household Size
29
Median Age
16%
College-Educated
68%
High-School Grad
5.3 sq mi
ZIP Area
8,149
Density / Sq Mi
$37,293
Median Household Income
$28,894
Median Earnings
$935
Median Rent
$98,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Three vacant lots for development in Hamtramck City, Michigan.
Where is this residential land & home lot located?
The property is located at 5201 CASMERE Street Hamtramck, MI.
What are key features of this property?
This property features: Three vacant lots offered together for development.; Over 16,000 sqft of buildable space.; Opportunity for small- to medium‑scale infill development.
