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28973350
28973348

7 Locations

KH
MI 6501402939
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services
$85,000
155 days on market
Updated 46 days ago
Opportunity zone

DLBA | Islandview SD4 Site - 499 - 537 Jefferson Ct

Details
Property Type Land
Sub Type Commercial
Broker Co-Op Yes
Acreage 0.02 - 0.07
Zoning SD4

Land

Marketing description

Rare multi-parcel development opportunity in Detroit’s highly sought-after Islandview neighborhood, featuring seven SD4-zoned vacant lots spanning 499–537 Jefferson Ct. Together, these parcels total a combined footprint of approximately 0.29 acres, with individual lot sizes ranging from 893 sq ft to 2,914 sq ft, offering excellent flexibility for townhomes, multi-unit residential concepts, or mixed-density infill development. Located within an Inclusive Housing Opportunity Area, the site qualifies for supportive housing-aligned incentives and aligns with ongoing revitalization across Islandview and the Greater Villages. This collection of compact, walkable-scale parcels presents a unique chance for developers to deliver new residential product in one of Detroit’s strongest growth corridors, steps from major amenities, services, and waterfront access.

Sale is contingent upon execution of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after DLBA review of the development pro forma and financing.

Investment highlights

  • 537 Jefferson Ct Square footage: 893

  • 499 Jefferson Ct Square footage: 1457

  • 527 Jefferson Ct Square footage: 1833

  • 535 Jefferson Ct Square footage: 1175

  • 521 Jefferson Ct Square footage: 1645

  • 505 Jefferson Ct Square footage: 2914

  • 515 Jefferson Ct Square footage: 2444

Listing Contacts

KH
MI 6501402939
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services

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