Vacant Residential Land
For Sale
$49,900
578 Westminster Street, Detroit, MI 48202
Vacant land located in Detroit’s North End, offered as a bundle of five lots zoned R3.
Property SizeContact for details
Lot Size0.66 Acres
Days on Market106
Property Features for 578 Westminster Street
General Information
Standard status
Active
Lot size
0.66 Acres
Property subtype
Land
Zoning
R3
Listing Agency:
RCH Brokerage Legacy Inc
(313) 510-7887
Listed By:
Leonard A Pickett · License #6501306589
(313) 510-7887
Source:
Compass
Added: Apr 29
Changed: Aug 8
Last Checked: Jul 21 at 4:52AM
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 RCH Brokerage Legacy Inc
Investment Insights
Based on property information with market context.
This listing is for vacant residential land offered as a bundled package that includes five tax parcels: 578, 570, 562, 552, and 542 Westminster. The property is presented as small- to medium-scale infill development for increasing housing supply and restoring urban fabric, with density and walkability referenced by the Detroit Land Bank Authority.
The land is zoned R3. The Detroit Land Bank Authority notes that 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 available tax abatements for the selected purchaser. The Authority will review requests to waive its tax capture rights and 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.
Interested buyers should consult the DLBA’s proposal guidelines for new build opportunities and review the relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional neighborhood context.
The land is zoned R3. The Detroit Land Bank Authority notes that 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 available tax abatements for the selected purchaser. The Authority will review requests to waive its tax capture rights and 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.
Interested buyers should consult the DLBA’s proposal guidelines for new build opportunities and review the relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional neighborhood context.
Key Highlights
- Vacant land in Detroit’s North End neighborhood.
- Offered as a bundle of five lots: 570, 562, 552, and 542 Westminster.
- Total land area for the five lots: 28,750 SF.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
393
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 - Vacant land located in Detroit’s North End, offered as a bundle of five lots zoned R3.
Where is this residential land & home lot located?
The property is located at 578 Westminster Street Detroit, MI.
What is the asking price?
The asking price for this property is $49,900.
What are key features of this property?
This property features: Vacant land in Detroit’s North End neighborhood.; Offered as a bundle of five lots: 570, 562, 552, and 542 Westminster.; Total land area for the five lots: 28,750 SF.
