Highland Park Colonial Listed at Just $8,500 Offers Incredible Opportunity Through Detroit Land Bank Authority

Highland Park Colonial Listed at Just $8,500 Offers Incredible Opportunity Through Detroit Land Bank Authority

For buyers, developers, or investors seeking an affordable entry point into Detroit’s fast-changing housing landscape, this Highland Park Colonial presents a rare chance to take on a high-potential project at a remarkably low cost.

Priced at $8,500, the property located at 300 W Nevada St, Highland Park, MI 48203 is offered through the Detroit Land Bank Authority (DLBA)—an organization known for providing pathways to restore, rebuild, and reinvest in Detroit’s historic neighborhoods. With its solid brick construction, generous lot size, and classic 1930s character, this home is a standout opportunity for those prepared to bring new life to a long-neglected property.

Built in 1936, the home reflects the sturdy craftsmanship of pre-war American architecture. The two-story brick structure spans more than 1,300 square feet, offering a spacious interior ready for thoughtful renovation.

Featuring three bedrooms and one full bathroom, the layout is practical and adaptable, able to fit a range of uses—from a family home to a rental property or a full redevelopment project. The classic Colonial design is rich with potential, inviting buyers to reimagine both its interior and exterior while preserving the strong architectural bones that still remain.

The property sits on a 60×125 lot, providing ample outdoor space for landscaping, gardening, recreation, or even future expansion. A particularly valuable asset is the detached two-car garage, a feature not always found in older Highland Park and Detroit properties. With two dedicated parking spaces, the garage adds immediate utility and long-term value, whether it’s used for vehicles, workshop space, or storage during renovation.

Location is another strong point for this listing. Situated near Woodward Avenue and John R Street, two of Detroit’s essential north–south corridors, the home offers convenient access to major transportation routes, area shops, local services, and key employment centers.

The proximity to Woodward also places the property minutes from Midtown, New Center, and Downtown Detroit—areas that have seen significant economic and residential revitalization. For buyers with a vision for participating in Detroit’s continued growth, this location offers strategic positioning at a fraction of typical market prices.

As a DLBA listing, interested buyers must follow the organization’s formal proposal process. This ensures that purchasers are not only financially prepared but also committed to responsibly revitalizing the property. Proposals must include four essential components:

Project Proposal – A clear explanation of the buyer’s intended use for the structure, along with a realistic renovation or development timeline.

Proof of Funds – Documentation such as a bank statement or lender approval letter to demonstrate the buyer’s financial ability to execute the project.

Scope of Work – A detailed renovation plan, including budget estimates and descriptions of the work to be completed.

Proof of Previous Projects – Addresses and photographs of prior renovation experience, showing the buyer’s capability to manage similar investments.

The sale of the property is contingent upon execution of a DLBA Renovation/Development Agreement, which outlines responsibilities, timelines, and performance requirements. In addition, buyers should be aware of the DLBA’s five-year tax recapture policy, which may conflict with certain tax abatements or lot-combination plans.

While waiver requests are considered individually, the DLBA may require a payment in lieu of taxes depending on the project’s financial structure.

All offers and proposals must be submitted via the DLBA Path to Purchase portal, where buyers will find additional instructions, required documents, and submission guidelines. Agents and interested parties should review the DLBA documentation carefully, and buyers are encouraged to perform their due diligence—BATVAI (Buyers Agent to Verify All Information). IDRBNG (Information Deemed Reliable But Not Guaranteed).

Despite the work required, this listing represents an exceptional chance to restore a classic Detroit-area home. With its strong bones, generous lot, Colonial character, and strategic location, 300 W Nevada St is poised for a transformative revitalization. For the right buyer, this project has the potential to become a rewarding investment with long-term value in a community rich with history and momentum.

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