Zoned Residential Infill
For Sale
Contact for pricing
885 E Grand Boulevard, Detroit, MI 48207
Residentially zoned R5 land offered through DLBA with proposal requirements and proof-of-funds submission.
Property SizeContact for details
Days on Market1151
Property Features for 885 E Grand Boulevard
General Information
Standard status
Active
Property subtype
Commercial Lots & Land
Zoning
R5
Listing Agency:
RCH Brokerage Legacy Inc
(248) 440-2268
Listed By:
Leonard A Pickett III · License #6501306589
(248) 440-2268
Source:
Phgrealty
Added: Jun 20, 2023
Changed: Aug 8
Last Checked: Jul 24 at 10:30AM
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 RCH Brokerage Legacy Inc
Investment Insights
Based on property information with market context.
This listing is for vacant residential land zoned R5 and is being offered for small- to medium-scale infill development intended to increase housing supply and restore the urban fabric through improved density and walkability. Interested buyers should consult DLBA proposal guidelines for new build opportunities and review relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood.
Per DLBA instructions, all offers must be supported by Proof of Funds with funds meeting or exceeding development costs. DLBA is entitled to a tax capture for the five tax years subsequent to transferring ownership of the property, and that tax capture may be incompatible with tax abatement 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; the amount will be determined based on the development proforma and the effect of any tax abatement on purchase and development financing.
See attached documents for DLBA requirements and offer submission information. BATVAI.
Per DLBA instructions, all offers must be supported by Proof of Funds with funds meeting or exceeding development costs. DLBA is entitled to a tax capture for the five tax years subsequent to transferring ownership of the property, and that tax capture may be incompatible with tax abatement 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; the amount will be determined based on the development proforma and the effect of any tax abatement on purchase and development financing.
See attached documents for DLBA requirements and offer submission information. BATVAI.
Key Highlights
- Property is zoned R5 (residential).
- Offered through DLBA for small- to medium‑scale infill development focused on increasing housing supply and restoring urban fabric.
- DLBA offers new build opportunities, with buyers directed to consult DLBA proposal guidelines.
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
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Residentially zoned R5 land offered through DLBA with proposal requirements and proof-of-funds submission.
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: Property is zoned R5 (residential).; Offered through DLBA for small- to medium‑scale infill development focused on increasing housing supply and restoring urban fabric.; DLBA offers new build opportunities, with buyers directed to consult DLBA proposal guidelines.
