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DLBA-Owned Vacant Land Parcel
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8601 Chalfonte St, Detroit, MI 48238

DLBA-owned vacant land offered through a development program and must be sold together with 8611 Chalfonte St.

Property SizeContact for details
Days on Market108

Property Features for 8601 Chalfonte St

General Information

Standard status Active
Property subtype Land
Listing Agency: Atlas Properties Inc
Listed By: Adam Hage · License #6506046052
Source: Elliman
Added: Apr 27 Changed: Aug 8 Last Checked: Apr 27 at 7:06PM

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

Investment Insights

Based on property information with market context.

DLBA-owned vacant land is being offered through the Detroit Land Bank Authority (DLBA) Marketed Property Program. This parcel must be sold together with 8611 Chalfonte St for a total purchase price of $16,000, with no separate sales. Any assemblage is subject to approval by the DLBA and the City of Detroit.

The City’s Neighborhood Framework Plans may apply, and buyers are encouraged to review them through the City of Detroit Planning and Development Department (PDD). Sale is contingent upon execution of a DLBA Development Agreement.

To be considered, buyers must submit a complete DLBA proposal package, including a project proposal describing intended use and timeline, proof of funds (bank statement or lender letter), a site plan or concept drawing, and proof of prior similar projects (addresses and photos). DLBA also retains the right to tax recapture for five (5) tax years following transfer of ownership, and waiver requests are reviewed case-by-case and may require payment in lieu of taxes.

Key Highlights

  • DLBA‑owned vacant land in the Chalfonte neighborhood sold through the Detroit Land Bank Authority (DLBA) Marketed Property Program.
  • Must be purchased together with 8611 Chalfonte St for a total price of $16,000; separate sales are not offered.
  • Assemblage is subject to DLBA and City of Detroit approval, with sale contingent on execution of a DLBA Development Agreement.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic Electrical Service Gym & Fitness Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

445
Businesses Nearby

Demographics for 48238, MI

25,747
Population
16,341
Households
1.6
Avg Household Size
37
Median Age
13%
College-Educated
84%
High-School Grad
5.4 sq mi
ZIP Area
4,768
Density / Sq Mi
$30,286
Median Household Income
$25,948
Median Earnings
$950
Median Rent
$58,700
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - DLBA-owned vacant land offered through a development program and must be sold together with 8611 Chalfonte St.
Where is this residential land & home lot located?
The property is located at 8601 Chalfonte 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: DLBA‑owned vacant land in the Chalfonte neighborhood sold through the Detroit Land Bank Authority (DLBA) Marketed Property Program.; Must be purchased together with 8611 Chalfonte St for a total price of $16,000; separate sales are not offered.; Assemblage is subject to DLBA and City of Detroit approval, with sale contingent on execution of a DLBA Development Agreement.
More about this property
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