Residential Infill Development
For Sale
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721 Field Street, Detroit, MI 48214
Two DLBA-owned residential parcels must be purchased together for combined development flexibility.
Property SizeContact for details
Days on Market107
Property Features for 721 Field Street
General Information
Standard status
Active
Property subtype
Land
Site & Location
Neighborhood
Islandview
Listing Agency:
Atlas Properties Inc
(313) 598-2566
Listed By:
Adam Hage · License #6506046052
Source:
Jimdehaan
Added: Jul 20
Changed: Oct 25
Last Checked: Nov 1 at 5:03AM
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 Atlas Properties Inc
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Investment Insights
Based on property information with market context.
DLBA-owned vacant residential land available through the Detroit Land Bank Authority (DLBA) Marketed Property Program. The offering includes two parcels that must be sold together: 715 Field St and 721 Field St. The parcels provide a combined footprint with frontage and depth suited to new residential development.
The properties are located in Detroit’s Islandview neighborhood and are offered as-is. Sale is contingent upon execution of a DLBA Development Agreement and compliance with all City of Detroit permitting and approval requirements.
Buyer submission requirements include a complete DLBA proposal package with a project description covering intended use and construction timeline, proof of funds, site plan or concept drawings, and documentation of prior similar projects. DLBA retains the right to tax recapture for five tax years following transfer of ownership.
The properties are located in Detroit’s Islandview neighborhood and are offered as-is. Sale is contingent upon execution of a DLBA Development Agreement and compliance with all City of Detroit permitting and approval requirements.
Buyer submission requirements include a complete DLBA proposal package with a project description covering intended use and construction timeline, proof of funds, site plan or concept drawings, and documentation of prior similar projects. DLBA retains the right to tax recapture for five tax years following transfer of ownership.
Key Highlights
- Two DLBA‑owned residential parcels at 715 & 721 Field St must be purchased together for a total price of $26,000 ($13,000 each).
- Approx. sizes: 715 Field St is 39' x 109'; 721 Field St is 64' x 90', for a flexible combined footprint.
- DLBA Marketed Property Program offering in Detroit’s Islandview neighborhood for as‑is sale.
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Location Intelligence
Trade Area within ½ mile
715
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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 - Two DLBA-owned residential parcels must be purchased together for combined development flexibility.
Where is this residential land & home lot located?
The property is located at 721 Field Street Detroit, MI.
What are key features of this property?
This property features: Two DLBA‑owned residential parcels at 715 & 721 Field St must be purchased together for a total price of $26,000 ($13,000 each).; Approx. sizes: 715 Field St is 39' x 109'; 721 Field St is 64' x 90', for a flexible combined footprint.; DLBA Marketed Property Program offering in Detroit’s Islandview neighborhood for as‑is sale.
