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$25,000
Est. payment /mo
3,920 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261007358
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 25X150
Source Realcomp
Property Description
Vacant Land Opportunity – Islandview Neighborhood. Welcome to the latest offering from the Detroit Land Bank Authority (DLBA): seven (7) buildable lots located in the Islandview neighborhood, just minutes from Belle Isle Park. The DLBA is issuing a Request for Proposals (RFP) for small- to medium-scale infill development. The goal of this offering is to increase housing supply, restore the urban fabric, and support greater density and walkability within the neighborhood. The parcels are currently zoned R2; however, higher-density proposals may be considered through a conditional use approval. Interested purchasers should review the DLBA proposal guidelines for new-build opportunities and submit a detailed project description with their proposal. The DLBA also recommends reviewing the Islandview Greater Villages Neighborhood Framework Plan prepared by the City of Detroit's Planning and Development Department for additional neighborhood context. Please note that the DLBA is entitled to a tax capture for five (5) tax years following the transfer of ownership. This tax capture may be incompatible with certain tax abatements and/or lot combinations otherwise available to the selected purchaser. Requests to waive the DLBA's tax capture rights will be reviewed on a case-by-case basis and may require a payment in lieu of taxes (PILOT). Any such payment will be determined based on the proposed development pro forma and the impact of tax abatements on purchase and financing.Included Parcels: 2148, 2158, 2166, 2172, 2184, 2194, 2196 Field Street. Total Site Area: Approximately 44,261 square feet. Total Listing Price: $25,000. RFP Deadline: Proposals must be submitted no later than February 27, 2026 at 5:00 PM.
Location
State MI
County Wayne
Zoning Residential
Direction North of Kercheval Ave and East of E Grand
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID W17I013567S
Acceptable Financing Cash
Listing Terms Cash
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Listed by Keller Williams Realty-Great Lakes
Nearby School & Business
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