493 Field Street, Detroit, MI 48214 For Sale

Discover an outstanding opportunity to build in one of Detroit's established neighborhoods. This 6,490± square foot vacant residential lot is zoned R5, offering flexibility for a variety of residential development possibilities (subject to municipal approval). Whether you're a builder, developer, or investor looking to expand your portfolio, this property presents an excellent opportunity to bring your vision to life.

Conveniently located near major roadways, schools, parks, shopping, and public transportation, the property provides easy access to Downtown Detroit and surrounding communities. With continued investment throughout the area, now is an ideal time to secure land in a growing market. Don't miss the opportunity to create something exceptional on this well-positioned parcel. 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.