Vacant Lot Development
For Sale
$60,000
Pending
567 Smith Street, Detroit, MI 48202
Residentially zoned vacant lots are offered as a single, non-splittable bundle of 11 contiguous parcels.
Property SizeContact for details
Days on Market218
Property Features for 567 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 20 at 12:58PM
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.
For sale is a residentially zoned vacant land bundle consisting of 11 contiguous parcels that must be purchased together and cannot be split. The included addresses are 525 Smith, 531 Smith, 537 Smith, 543 Smith, 549 Smith, 555 Smith, 561 Smith, 567 Smith, 573 Smith, 579 Smith, and 585 Smith, with 567 Smith Street representing the subject parcel within the group.
The DLBA is seeking proposals for small- to medium-scale infill development intended to increase housing supply and improve density. Interested buyers are required to submit a project proposal that includes the intended use and timeline, proof of funds, a scope of work with renovation cost breakdown, and proof of previous projects (including addresses and photos). The DLBA also notes that it is entitled to tax capture for the five tax years following transfer of ownership, and requests to waive tax capture may require a payment in lieu of taxes based on the development pro forma and the effect of any tax abatement on purchase and development financing.
The DLBA is seeking proposals for small- to medium-scale infill development intended to increase housing supply and improve density. Interested buyers are required to submit a project proposal that includes the intended use and timeline, proof of funds, a scope of work with renovation cost breakdown, and proof of previous projects (including addresses and photos). The DLBA also notes that it is entitled to tax capture for the five tax years following transfer of ownership, and requests to waive tax capture may require a payment in lieu of taxes based on the development pro forma and the effect of any tax abatement on purchase and development financing.
Key Highlights
- Bundle of 11 residentially zoned vacant lots in Detroit’s North End offered together and cannot be split.
- Parcels included: 525 Smith, 531 Smith, 537 Smith, 543 Smith, 549 Smith, 555 Smith, 561 Smith, 567 Smith, 573 Smith, 579 Smith, and 585 Smith.
- Single purchase required for the full set of contiguous parcels as listed in the bundle.
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 vacant lots are offered as a single, non-splittable bundle of 11 contiguous parcels.
Where is this residential land & home lot located?
The property is located at 567 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: Bundle of 11 residentially zoned vacant lots in Detroit’s North End offered together and cannot be split.; Parcels included: 525 Smith, 531 Smith, 537 Smith, 543 Smith, 549 Smith, 555 Smith, 561 Smith, 567 Smith, 573 Smith, 579 Smith, and 585 Smith.; Single purchase required for the full set of contiguous parcels as listed in the bundle.
