Residential Land Bundle For
For Sale
Contact for pricing
704 Field St, Detroit, MI 48214
Land bundle ideal for infill development to increase housing supply.
Property SizeContact for details
Days on Market108
Property Features for 704 Field St
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
SCS Great Lakes INC
(586) 210-3350
Listed By:
Erick Monzo
(586) 210-3350
Source:
Elliman
Added: Apr 27
Changed: Aug 8
Last Checked: Jul 16 at 9:30AM
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.
The Detroit Land Bank Authority (DLBA) is offering a bundle package of properties, including 688, 698, and 704 Field St, for a combined price of $25,000. The DLBA seeks proposals for small- to medium-scale infill development aimed at increasing housing supply, restoring the urban fabric, and enhancing density and walkability. Interested buyers should consult the proposal guidelines for new build opportunities. The DLBA recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional neighborhood context. Please note that the DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing. The location has a bike score of 68, indicating it is bikeable, a walk score of 50, indicating it is somewhat walkable, and a transit score of 54, indicating good transit options.
Key Highlights
- Bundle package of 3 properties (688, 698 & 704 Field St) for $25,000, offering a multi‑property investment opportunity.
- Opportunity for small- to medium‑scale infill development to increase housing supply.
- Aims to restore urban fabric, density, and walkability.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
Explore this area
Business Placement
Demographics for 48214, MI
18,959
Population
13,279
Households
1.4
Avg Household Size
44
Median Age
27%
College-Educated
84%
High-School Grad
5.1 sq mi
ZIP Area
3,717
Density / Sq Mi
$34,807
Median Household Income
$36,625
Median Earnings
$818
Median Rent
$120,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Land bundle ideal for infill development to increase housing supply.
Where is this residential land & home lot located?
The property is located at 704 Field St Detroit, MI.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: Bundle package of 3 properties (688, 698 & 704 Field St) for $25,000, offering a multi‑property investment opportunity.; Opportunity for small- to medium‑scale infill development to increase housing supply.; Aims to restore urban fabric, density, and walkability.
