Infill Development
For Sale
$34,000
690 W PHILADELPHIA Street, Detroit, MI 48202
Vacant land suited for infill construction in Detroit’s Piety Hill area, with Q-Line and New Center nearby.
Property SizeContact for details
Days on Market44
Property Features for 690 W PHILADELPHIA Street
General Information
Standard status
Active
Property subtype
Land
Zoning
Residential
Amenities
no
Public Sewer
Public
0.2
Acres
70
Paved
70 x 122
Listing Agency:
RCH Brokerage Legacy, Inc.
(248) 440-2268
Listed By:
Leonard Pickett · License #6501306589
(248) 440-2268
Source:
Rchbrokerage.idxbroker
Added: Jun 30
Changed: Aug 8
Last Checked: Jul 1 at 12:53AM
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 is a vacant land parcel positioned for infill development. The seller’s requirements call for a proposal that includes construction plans or precedent project imagery for the proposed development, along with a financing plan supported by a pre-approval letter of proof of funds for a new construction loan, subject to DLBA review.
The property is located in Detroit’s Piety Hill neighborhood. It is described as within walking distance to the Q-Line and the New Center area, and also in close proximity to Henry Ford Hospital.
Potential buyers should plan for DLBA’s role in the transaction, including a tax capture entitlement for the five tax years following transfer of ownership. The tax capture may be incompatible with other tax abatements available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes as part of any approval, based on review of the development proforma and the effect of any tax abatement on purchase and development financing. BATVAI, and see attached documents for complete DLBA requirements and offer submission information.
The property is located in Detroit’s Piety Hill neighborhood. It is described as within walking distance to the Q-Line and the New Center area, and also in close proximity to Henry Ford Hospital.
Potential buyers should plan for DLBA’s role in the transaction, including a tax capture entitlement for the five tax years following transfer of ownership. The tax capture may be incompatible with other tax abatements available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes as part of any approval, based on review of the development proforma and the effect of any tax abatement on purchase and development financing. BATVAI, and see attached documents for complete DLBA requirements and offer submission information.
Key Highlights
- Vacant land in Detroit’s Piety Hill neighborhood, suited for infill construction
- 70 ft paved road frontage with 70 x 122 lot dimensions (0.2 acres)
- Utilities available: public water and public sewer
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,279
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 suited for infill construction in Detroit’s Piety Hill area, with Q-Line and New Center nearby.
Where is this residential land & home lot located?
The property is located at 690 W PHILADELPHIA Street Detroit, MI.
What is the asking price?
The asking price for this property is $34,000.
What are key features of this property?
This property features: Vacant land in Detroit’s Piety Hill neighborhood, suited for infill construction; 70 ft paved road frontage with 70 x 122 lot dimensions (0.2 acres); Utilities available: public water and public sewer
