4473 18th Street, Detroit, MI 48208

Listing Description

DLBA-owned vacant land offered through the Detroit Land Bank Authority (DLBA) Marketed Property Program. This offering includes four (4) residential parcels located at 4467, 4473, 4479 & 4485 18th St in Detroit’s Core City neighborhood. Properties must be sold together for a total purchase price of $52,000, presenting an excellent opportunity for new construction infill development in a rapidly developing area. Each lot measures approximately 30’ x 145’, providing ample depth and flexibility for single-family development consistent with neighborhood revitalization goals. The surrounding block features a mix of occupied homes, ongoing renovations, and new construction, supporting strong long-term residential demand. Conveniently located on 18th St between W Forest Ave and Buchanan St, just west of Rosa Parks Blvd and south of I-94, with quick access to Midtown, Corktown, Downtown Detroit, Henry Ford Hospital, major employment centers, public transit, parks, and neighborhood amenities. Buyer must submit a complete DLBA proposal package including: project description with intended use and construction timeline, proof of funds (bank statement or lender letter), site plan or concept drawings, and documentation of prior similar projects (addresses and photos). Sale is contingent upon execution of a DLBA Development Agreement and compliance with all City of Detroit permitting and approval requirements. Property sold as-is. DLBA retains the right to tax recapture for five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests are reviewed case-by-case and may require payment in lieu of taxes subject to DLBA review of project financing and development pro forma. Buyers are encouraged to review applicable Neighborhood Framework Plans published by the City of Detroit Planning and Development Department (PDD). Contact listing broker for application link and submission instructions.

Source: SparkMLS

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