Infill Residential Development Land
For Sale
$30,000
8261 Brush Street, Detroit, MI 48202
Package of six residential lots included for infill housing development, sold together and totaling 6,628 sqft.
Property SizeContact for details
Lot Size0.15 Acres
Days on Market191
Property Features for 8261 Brush Street
General Information
Standard status
Active
Lot size
0.15 Acres
Property subtype
Land
Listing Agency:
RCH Brokerage Legacy Inc
(313) 510-7887
Listed By:
Leonard A Pickett · License #6501306589
(313) 510-7887
Source:
Compass
Added: Feb 2
Changed: Aug 8
Last Checked: Jul 20 at 3:51PM
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.
For sale as a single package, this infill residential development land assemblage includes six properties: 8265 Brush, 8271 Brush, and 323, 327, 331 Mt Vernon. The lots are not sold separately and are offered together at a total of 6,628 sqft.
The buyer is required to submit an application to purchase, including construction plans or precedent architectural images for the proposed development, along with a financing plan supported by a POF (proof of funds) and/or a pre-approval letter for a new construction loan. See attached documents for DLBA requirements and offer submission.
Additional terms include a DLBA tax capture entitlement for the five tax years following transfer of ownership. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes depending on the development pro forma and any available tax abatement and its effect on purchase and development financing. Address: 8261 Brush Street, Detroit, MI 48202.
The buyer is required to submit an application to purchase, including construction plans or precedent architectural images for the proposed development, along with a financing plan supported by a POF (proof of funds) and/or a pre-approval letter for a new construction loan. See attached documents for DLBA requirements and offer submission.
Additional terms include a DLBA tax capture entitlement for the five tax years following transfer of ownership. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes depending on the development pro forma and any available tax abatement and its effect on purchase and development financing. Address: 8261 Brush Street, Detroit, MI 48202.
Key Highlights
- Package of six residential lots sold together for infill housing development
- Includes 8265 Brush, 8271 Brush, and 323, 327, 331 Mt Vernon
- Total land area across the six lots is 6,628 sqft
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,623
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
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Package of six residential lots included for infill housing development, sold together and totaling 6,628 sqft.
Where is this residential land & home lot located?
The property is located at 8261 Brush Street Detroit, MI.
What is the asking price?
The asking price for this property is $30,000.
What are key features of this property?
This property features: Package of six residential lots sold together for infill housing development; Includes 8265 Brush, 8271 Brush, and 323, 327, 331 Mt Vernon; Total land area across the six lots is 6,628 sqft
