3 Beds
$19,000
3 Beds
1 Baths
1363 Sq FT
$13.94 Price per Sq Ft
Redevelopment opportunity in Poletown East/Farnsworth neighborhood. The existing structure will require rehabilitation, making this site well-suited for investors, builders, or end users looking to create a project aligned with neighborhood revitalization efforts. The property is positioned with convenient access to Midtown, the Detroit Medical Center, Eastern Market, GM, and surrounding east-side neighborhoods. The surrounding micro-neighborhood reflects continued reinvestment, including new development, renovations, and urban agriculture initiatives, offering strong potential for future growth in accordance with Detroit Land Bank Authority program requirements. Room measurements are estimated and should be verified. Interested buyers must submit a complete proposal package for DLBA approval, including a project proposal, proof of funds, site plan or concept drawing, and proof of previous development experience. 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 settlement in lieu of taxes, determined after DLBA review of the development pro forma and financing.
Next Level Realty & Investments
Listed on : April 19, 2026
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Hassan Scheib
Own It Realty
Contact Hassan
As a leading Real Estate investment broker, native Detroiter, and family man, Hassan Scheib commands a firm grasp of investing in the Detroit Metro area. His experience and native intuition have led him from success to success as he has overseen property sales, acquisitions, inspections, construction, and tenant placement. Hassan combines keen business acumen, finance know-how, transparency, and ethics with every deal, and he is skilled in Portfolio Sales, Investor Relations, Strategic Planning, Marketing & Management. Above all else, he understands that the client is at the center of the deal and knows how to listen to their needs, roll up his sleeves, and offer them first-class customized service. Committed and attentive, Hassan is always ready to dip into his expansive professional network, industry experience, care, and meticulous attention to detail to help clients reach their goals.