R5 Infill Development Land
For Sale
Contact for pricing
885 E GRAND Boulevard, Detroit, MI 48207
Zoned R5 land offered through DLBA for small- to medium-scale infill housing proposals requiring proof of funds.
Property SizeContact for details
Days on Market44
Property Features for 885 E GRAND Boulevard
General Information
Standard status
Active
Property subtype
Land
Zoning
Commercial
Amenities
no
Public Sewer
Public
0.27
Acres
96
Paved
96.00 x 123.00
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 for-sale parcel is zoned R5 and is being marketed for small- to medium-scale infill development intended to increase housing supply and help restore urban fabric through density and walkability. Interested buyers should review DLBA proposal guidelines for new build opportunities and see the attached documents for submission requirements.
The property is located at 885 E Grand Boulevard in Detroit, Michigan. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional neighborhood context.
Offer terms are structured around development financing readiness. All offers must be supported by Proof of Funds showing funds meet or exceed development costs. The DLBA is entitled to a tax capture for the five tax years following transfer of ownership, and that tax capture may not align with any tax abatement that might otherwise be available to the selected purchaser. The DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes; the payment amount is determined based on the development proforma and the effect of any tax abatement on purchase and development financing. BATVAI.
The property is located at 885 E Grand Boulevard in Detroit, Michigan. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional neighborhood context.
Offer terms are structured around development financing readiness. All offers must be supported by Proof of Funds showing funds meet or exceed development costs. The DLBA is entitled to a tax capture for the five tax years following transfer of ownership, and that tax capture may not align with any tax abatement that might otherwise be available to the selected purchaser. The DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes; the payment amount is determined based on the development proforma and the effect of any tax abatement on purchase and development financing. BATVAI.
Key Highlights
- Zoned R5 land offered through DLBA for small- to medium‑scale infill housing proposals.
- DLBA requires offers to be supported by Proof of Funds that meet or exceed development costs (BATVAI).
- Public utilities available: public sewer and public water.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
97
Businesses Nearby
Explore this area
Business Placement
Demographics for 48207, MI
21,704
Population
13,026
Households
1.7
Avg Household Size
42
Median Age
35%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
3,445
Density / Sq Mi
$44,561
Median Household Income
$43,377
Median Earnings
$1,040
Median Rent
$193,800
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Zoned R5 land offered through DLBA for small- to medium-scale infill housing proposals requiring proof of funds.
Where is this residential land & home lot located?
The property is located at 885 E GRAND Boulevard 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: Zoned R5 land offered through DLBA for small- to medium‑scale infill housing proposals.; DLBA requires offers to be supported by Proof of Funds that meet or exceed development costs (BATVAI).; Public utilities available: public sewer and public water.
