3545 Lovett Street, Detroit, MI 48210

Property Description

8 lots with over 35,000 square feet offered, so bring hard hat and your imagination. This land offers a prime opportunity, situated close to Corktown and downtown Detroit, making it an attractive investment for the right buyer. Addresses include 3545, 3555, 3533, 3539, 3549, 3561, 3567, 3573 Lovett for a total of $120,000. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. Please note that the Detroit Land bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and/or lot combinations that are 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 to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing. Please refer to DLBA proposal guidelines.

Listing Status:

Active

Date Added:

April 7, 2025 at 05:00AM

Listing Office:

Bellabay Realty Tri Counties : 248-274-6614

Listing Agent:

Natasha Richards : 313-204-0310

MLS ID:

60382252

Location

• Road/Access: Paved
• Originating MLS: MiRealSource
• School District: Detroit City School District
• County: Wayne

Lot

• Zoning: W LOVETT 203 SCOTTEN & LOVETTS SUB L3 P2 PLATSW C R 14/62 30 X 146

Utilities

• Water: Public
• Sewer: Public Sanitary

Financial

• Source: MiRealSource

This listing courtesy of Natasha Richards, Bellabay Realty Tri Counties