Vacant Infill Development Lot
For Sale
$30,000
583 Leicester Court, Detroit, MI 48202
Vacant Detroit land offered as a combined package of four lots, not sold separately.
Property SizeContact for details
Lot Size0.32 Acres
Days on Market262
Property Features for 583 Leicester Court
General Information
Standard status
Active
Lot size
0.32 Acres
Property subtype
Land
Listing Agency:
RCH Brokerage Legacy Inc
Listed By:
Leonard A Pickett · License #6501306589
(313) 510-7887
Source:
Compass
Added: Jan 13
Changed: Oct 1
Last Checked: Oct 1 at 1:40PM
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 vacant land offering is bundled with three additional Leicester Court parcels, for a total of four lots. The properties are not sold separately, and the combined land area totals 14,032 square feet. The DLBA is seeking proposals for small- to medium-scale infill development intended to increase housing supply and support restoration of the urban fabric, including density and walkability. Interested buyers should review the DLBA proposal guidelines for new build opportunities.
The site is located at 583 Leicester Court in Detroit, Michigan 48202. The Detroit Land Bank Authority also notes it is entitled to tax capture for the five tax years following transfer of ownership, and that tax capture may be incompatible with tax abatement otherwise available to a selected purchaser. The DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve any waiver request, based on the development proforma and the effect of any tax abatement on purchase and development financing. BATVAI, and please see attached documents for DLBA requirements.
The site is located at 583 Leicester Court in Detroit, Michigan 48202. The Detroit Land Bank Authority also notes it is entitled to tax capture for the five tax years following transfer of ownership, and that tax capture may be incompatible with tax abatement otherwise available to a selected purchaser. The DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve any waiver request, based on the development proforma and the effect of any tax abatement on purchase and development financing. BATVAI, and please see attached documents for DLBA requirements.
Key Highlights
- Vacant Detroit land offered as a combined package of four lots (589, 577, 595 Leicester), not sold separately.
- Total land area for the four‑lot package is 14,032 sqft.
- Detroit Land Bank Authority (DLBA) seeks proposals for small- to medium‑scale infill development to increase housing supply and restore urban fabric.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
345
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Vacant Detroit land offered as a combined package of four lots, not sold separately.
Where is this residential land & home lot located?
The property is located at 583 Leicester Court Detroit, MI.
What is the asking price?
The asking price for this property is $30,000.
What are key features of this property?
This property features: Vacant Detroit land offered as a combined package of four lots (589, 577, 595 Leicester), not sold separately.; Total land area for the four‑lot package is 14,032 sqft.; Detroit Land Bank Authority (DLBA) seeks proposals for small- to medium‑scale infill development to increase housing supply and restore urban fabric.
