8647 Schaefer, Detroit, MI 48228

Property Description

This property is zoned R3.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 DLBA 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. All offers must be supported by Proof of Funds (funds should meet or exceed development costs). 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 abatement 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 abatement on the purchase and development financing. BATVAI. Please see attached documents for DLBA guidelines.

Listing Status:

Active

Date Added:

February 16, 2026

Data Last Updated:

April 2, 2026 at 5:45PM

Listing Office:

RCH Brokerage Legacy Inc : 248-440-2268

Listing Agent:

Leonard Pickett : 313-510-7887

MLS ID:

60969998

Location

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

Lot

• Zoning: W SCHAEFER S 40 FT OF 122.75 FT 4ROBERT M GRINDLEYS SUB NO.6 OF LITTLE FARMS L31 P13 PLATSW C R 22/548 1 THRU 8RESUB OF PT LOTS 5 & 6 ROBERT M GRINDLEYS SUB NO.6 L64 P21 PLATSW C R 22/687 8 THRU 1MC NAUGHTONS SUB L56 P26 PLATSW C R 22/549 360 IRREG

Utilities

• Water: Public

Financial

• Source: MiRealSource