Residential Development Land
For Sale
$49,500
5224 Linwood Street, Detroit, MI 48208
Vacant development lot zoned for residential and multifamily projects with 30-foot frontage and depth of 151.56 feet.
Property SizeContact for details
Days on Market849
Property Features for 5224 Linwood 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 17, 2024
Changed: Aug 8
Last Checked: Jul 20 at 11:01AM
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 is a vacant land lot suitable for residential and multifamily development, with zoning that supports both project types. The property has dimensions of 30 by 151.56 feet.
The lot is described as being located a few minutes from Downtown Detroit, Corktown, and major expressways including I-75 and I-96.
Interested buyers should review the proposal guidelines for new build opportunities, along with relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional neighborhood context. The DLBA notes it is entitled to a tax capture for the five tax years following transfer of ownership, and that the tax capture may be incompatible with other tax abatement available to the purchaser; requests to waive DLBA’s tax capture rights may require a payment in lieu of taxes based on the development proforma and financing impact.
The lot is described as being located a few minutes from Downtown Detroit, Corktown, and major expressways including I-75 and I-96.
Interested buyers should review the proposal guidelines for new build opportunities, along with relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional neighborhood context. The DLBA notes it is entitled to a tax capture for the five tax years following transfer of ownership, and that the tax capture may be incompatible with other tax abatement available to the purchaser; requests to waive DLBA’s tax capture rights may require a payment in lieu of taxes based on the development proforma and financing impact.
Key Highlights
- Vacant development lot zoned for residential and multifamily projects
- Lot size is 30 ft frontage x 151.56 ft depth
- Located a few minutes from Downtown Detroit and Corktown
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
526
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Vacant development lot zoned for residential and multifamily projects with 30-foot frontage and depth of 151.56 feet.
Where is this residential land & home lot located?
The property is located at 5224 Linwood Street Detroit, MI.
What is the asking price?
The asking price for this property is $49,500.
What are key features of this property?
This property features: Vacant development lot zoned for residential and multifamily projects; Lot size is 30 ft frontage x 151.56 ft depth; Located a few minutes from Downtown Detroit and Corktown
