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Residential Land Bundle Opportunity
For Sale
$60,000
Pending

579 Smith St, Detroit, MI 48202

Eleven contiguous residential parcels in Detroit's North End for sale.

Property SizeContact for details
Days on Market109

Property Features for 579 Smith St

General Information

Standard status Pending
Property subtype Land
Listing Agency: SCS Great Lakes INC
Listed By: Erick Monzo
Source: Elliman
Added: Apr 27 Changed: Aug 8 Last Checked: Aug 8 at 3:33PM

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. The properties must be purchased together and cannot be split. 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 including addresses and photos. The Detroit Land Bank Authority (DLBA) is seeking 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, which may be incompatible with tax abatements. The DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes. The location 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.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Hair Salon Nail Salon Kitchen & Bath Showroom Grocery & Convenience Store Auto Parts Store Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,935
Businesses Nearby

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
Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Eleven contiguous residential parcels in Detroit's North End for sale.
Where is this residential land & home lot located?
The property is located at 579 Smith St Detroit, MI.
What is the asking price?
The asking price for this property is $60,000.
More about this property
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