Residential Land Parcel
For Sale
$60,000
Pending
561 Smith Street, Detroit, MI 48202
Residentially zoned land offered as part of an 11-parcel, non-splittable bundle in Detroit’s North End.
Property SizeContact for details
Days on Market218
Property Features for 561 Smith Street
General Information
Standard status
Pending
Property subtype
Land
Zoning
residential
Listing Agency:
Keller Williams Realty-Great Lakes
(586) 808-6436
Listed By:
Erick Monzo · License #6501330189
(586) 808-6436
Source:
Compass
Added: Jan 7
Changed: Aug 8
Last Checked: Jul 21 at 2:25AM
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 Keller Williams Realty-Great Lakes
Investment Insights
Based on property information with market context.
This offering includes one residential land parcel that is being sold as part of an 11-vehicle-lot bundle. The parcels must be purchased together and cannot be split. The property is zoned residential.
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, with the subject parcel identified as 561 Smith Street. Interested buyers are required to submit a proposal that includes a project plan and timeline, proof of funds, a scope of work with renovation cost breakdown, and proof of previous projects.
DLBA is seeking proposals for small- to medium-scale infill development to increase housing supply and improve density and walkability. DLBA also notes it is entitled to tax capture for the five tax years following transfer, and that this may be incompatible with certain tax abatements; DLBA will review requests to waive tax capture rights and may require a payment in lieu of taxes based on the development pro forma.
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, with the subject parcel identified as 561 Smith Street. Interested buyers are required to submit a proposal that includes a project plan and timeline, proof of funds, a scope of work with renovation cost breakdown, and proof of previous projects.
DLBA is seeking proposals for small- to medium-scale infill development to increase housing supply and improve density and walkability. DLBA also notes it is entitled to tax capture for the five tax years following transfer, and that this may be incompatible with certain tax abatements; DLBA will review requests to waive tax capture rights and may require a payment in lieu of taxes based on the development pro forma.
Key Highlights
- Sold as part of an 11‑parcel bundle in Detroit’s North End; parcels must be purchased together and cannot be split
- Parcel addresses in the bundle include 525 Smith through 585 Smith (contiguous parcels)
- Land is zoned residential
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Residentially zoned land offered as part of an 11-parcel, non-splittable bundle in Detroit’s North End.
Where is this residential land & home lot located?
The property is located at 561 Smith Street 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: Sold as part of an 11‑parcel bundle in Detroit’s North End; parcels must be purchased together and cannot be split; Parcel addresses in the bundle include 525 Smith through 585 Smith (contiguous parcels); Land is zoned residential
