Infill Development Land
For Sale
$40,000
639 Smith Street, Detroit, MI 48202
Zoned R3 residential land suitable for infill development, subject to buyer application and DLBA offer requirements.
Property SizeContact for details
Days on Market443
Property Features for 639 Smith Street
General Information
Standard status
Active
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: May 28, 2025
Changed: Aug 8
Last Checked: Jul 20 at 11:41AM
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 residential land parcel is offered for sale with zoning listed as R3. The seller’s public remarks indicate the property is intended for infill building, and buyer approval is conditioned on submitting an application that includes construction plans (or precedent agriculture images of the proposed development) plus a financing plan with proof of funds or a pre-approval letter for a new construction loan.
The property is described as being within walking distance to the Q-Line and the New Center area.
The remarks also note that the Detroit Land Bank Authority is entitled to a tax capture for the five tax years following transfer of ownership, which may be incompatible with tax abatements available to a selected purchaser. DLBA will review requests to waive the tax capture and may require a payment in lieu of taxes; the payment would be determined based on the development proforma and the effect of any tax abatement on purchase and development financing. Attached documents are referenced for DLBA requirements and offer submission information.
The property is described as being within walking distance to the Q-Line and the New Center area.
The remarks also note that the Detroit Land Bank Authority is entitled to a tax capture for the five tax years following transfer of ownership, which may be incompatible with tax abatements available to a selected purchaser. DLBA will review requests to waive the tax capture and may require a payment in lieu of taxes; the payment would be determined based on the development proforma and the effect of any tax abatement on purchase and development financing. Attached documents are referenced for DLBA requirements and offer submission information.
Key Highlights
- Zoned R3 residential lot suitable for infill building development.
- Buyer must submit an application to purchase, including construction plans or precedent agriculture images and a financing plan with POF or pre‑app letter for a new construction loan.
- Within walking distance to the Q‑Line and the New Center area.
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 - Zoned R3 residential land suitable for infill development, subject to buyer application and DLBA offer requirements.
Where is this residential land & home lot located?
The property is located at 639 Smith Street Detroit, MI.
What is the asking price?
The asking price for this property is $40,000.
What are key features of this property?
This property features: Zoned R3 residential lot suitable for infill building development.; Buyer must submit an application to purchase, including construction plans or precedent agriculture images and a financing plan with POF or pre‑app letter for a new construction loan.; Within walking distance to the Q‑Line and the New Center area.
