Residential Parcels Bundle in
For Sale
$60,000
Pending
531 Smith St, Detroit, MI 48202
Eleven contiguous residential parcels for sale in Detroit's North End.
Property SizeContact for details
Days on Market109
Property Features for 531 Smith St
General Information
Standard status
Pending
Property subtype
Land
Listing Agency:
SCS Great Lakes INC
(586) 210-3350
Listed By:
Erick Monzo
(586) 210-3350
Source:
Elliman
Added: Apr 27
Changed: Aug 8
Last Checked: Aug 8 at 7:04AM
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.
Eleven contiguous residential parcels located in Detroit's North End are available as a bundle. The properties, zoned residential, offer potential for new-build or infill development. The bundle includes the following parcels: 525 Smith, 531 Smith, 537 Smith, 543 Smith, 549 Smith, 555 Smith, 561 Smith, 567 Smith, 573 Smith, 579 Smith, and 585 Smith, and must be purchased together. Interested buyers must submit a proposal that includes a project proposal with intended use and timeline, proof of funds, scope of work with a breakdown of renovation costs, and proof of previous projects with addresses and photos. The Detroit Land Bank Authority (DLBA) seeks proposals for small- to medium-scale infill development to increase housing supply, restore the urban fabric, and improve density and walkability. Interested buyers should consult the proposal guidelines for new-build opportunities and review relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. The DLBA is entitled to tax capture for the 5 tax years subsequent to transferring ownership of the property. The property has a bike score of 70, indicating it is very bikeable, a walk score of 85, indicating it is very walkable, and a transit score of 53, indicating good transit options.
Key Highlights
- 11 Contiguous Residential Parcels in Detroit's North End: Offers a significant land holding for development.
- Excellent New‑Build/Infill Development Opportunity: Zoned residential, ideal for increasing housing supply.
- High Walk Score (85): Location is very walkable.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,935
Businesses Nearby
Explore this area
Business Placement
Demographics for 48202, MI
17,260
Population
10,078
Households
1.7
Avg Household Size
32
Median Age
38%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
5,076
Density / Sq Mi
$36,536
Median Household Income
$31,725
Median Earnings
$894
Median Rent
$193,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Eleven contiguous residential parcels for sale in Detroit's North End.
Where is this residential land & home lot located?
The property is located at 531 Smith St Detroit, MI.
What is the asking price?
The asking price for this property is $60,000.
What are key features of this property?
This property features: 11 Contiguous Residential Parcels in Detroit's North End: Offers a significant land holding for development.; Excellent New‑Build/Infill Development Opportunity: Zoned residential, ideal for increasing housing supply.; High Walk Score (85): Location is very walkable.
