Vacant Development Land
For Sale
$75,000
5957 Rosa Parks Blvd, Detroit, MI 48208
Vacant land parcel available for new construction and infill development, subject to zoning and City approvals.
Property SizeContact for details
Days on Market107
Property Features for 5957 Rosa Parks Blvd
General Information
Standard status
Active
Property subtype
Land
Taxes and HOA fees
Annual Taxes
$1.00
Listing Agency:
Next Level Realty & Investments
(734) 506-0076
Listed By:
Catina Willis · License #6502416849
(734) 506-0076
Source:
Elliman
Added: Apr 28
Changed: Aug 8
Last Checked: Apr 28 at 4:43AM
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 Next Level Realty & Investments
Investment Insights
Based on property information with market context.
This vacant land parcel offers an opportunity for new construction and infill development, subject to applicable zoning and City approvals. The property is owned by the Detroit Land Bank Authority (DLBA) through its Marketed Property Program, and interested buyers must submit a complete proposal package for DLBA approval. Materials required include a project proposal, proof of funds, and a site plan or concept drawing, along with proof of previous development experience. Sale is also contingent upon execution of a DLBA Development Agreement.
The property is located at 5957 Rosa Parks Blvd in Detroit, near Motown Museum and Henry Ford Hospital. The DLBA is entitled to tax recapture for the five tax years following transfer of ownership. This provision may affect certain tax abatements, lot combinations, or assemblages, and waiver requests may be considered case by case after DLBA review, potentially requiring a payment in lieu of taxes based on the development pro forma and financing.
The property is located at 5957 Rosa Parks Blvd in Detroit, near Motown Museum and Henry Ford Hospital. The DLBA is entitled to tax recapture for the five tax years following transfer of ownership. This provision may affect certain tax abatements, lot combinations, or assemblages, and waiver requests may be considered case by case after DLBA review, potentially requiring a payment in lieu of taxes based on the development pro forma and financing.
Key Highlights
- Vacant land parcel available for new construction and infill development, subject to zoning and City approvals.
- Owned by Detroit Land Bank Authority (DLBA) through its Marketed Property Program.
- Buyer proposal must be submitted for DLBA approval, including project proposal, proof of funds, and site plan or concept drawing.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
568
Businesses Nearby
Explore this area
Business Placement
Demographics for 48208, MI
8,090
Population
5,226
Households
1.5
Avg Household Size
37
Median Age
27%
College-Educated
79%
High-School Grad
3.2 sq mi
ZIP Area
2,528
Density / Sq Mi
$29,742
Median Household Income
$39,526
Median Earnings
$842
Median Rent
$186,700
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 parcel available for new construction and infill development, subject to zoning and City approvals.
Where is this residential land & home lot located?
The property is located at 5957 Rosa Parks Blvd Detroit, MI.
What is the asking price?
The asking price for this property is $75,000.
What are key features of this property?
This property features: Vacant land parcel available for new construction and infill development, subject to zoning and City approvals.; Owned by Detroit Land Bank Authority (DLBA) through its Marketed Property Program.; Buyer proposal must be submitted for DLBA approval, including project proposal, proof of funds, and site plan or concept drawing.
