Lucas County Land Bank Opportunity — Full Renovation Project with Strong Upside Potential
Welcome to an exceptional investment opportunity offered through the Lucas County Land Bank—a classic 2.5-story home with solid bones, traditional character, and significant potential for the right buyer prepared to undertake a full renovation. This property is ideal for experienced investors, developers, or renovation specialists seeking a value-add project in an established neighborhood.
Importantly, this property is NOT part of the Homeownership Advantage Program (HAP), meaning the Land Bank is currently open to all offers, including investor and redevelopment proposals. With no owner-occupancy restrictions, this presents a rare chance to acquire a sizable residential structure and reposition it for resale, rental, or long-term portfolio growth.
Classic Layout with Generous Living Space
This three-bedroom, 2.5-story home offers a traditional floor plan that reflects the craftsmanship and layout of early residential architecture. All primary living spaces are conveniently located on the main level, providing an efficient and functional flow ideal for modern redesign.
The main floor includes:
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A formal living room, offering ample space for entertaining or future open-concept conversion
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A formal dining room, perfect for restoration into a classic dining area or reimagined as flexible living space
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A den, which can serve as a home office, family room, guest space, or additional bedroom depending on renovation goals
This layout provides strong flexibility for investors or renovators looking to adapt the home to today’s buyer or renter preferences while maintaining its original character.
Upper Levels with Expansion Potential
The upper floors house the home’s three bedrooms, offering privacy and separation from the main living areas. With proper renovation, these levels can be transformed into comfortable, well-appointed sleeping quarters, primary suites, or flexible bonus spaces depending on the design vision.
The 2.5-story structure allows for:
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Potential reconfiguration of bedroom layouts
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Enhanced storage solutions
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Possible conversion of upper-level space into additional living areas, office space, or luxury features
The vertical layout adds architectural interest and increases overall square footage potential—an important factor for maximizing future value.
Major Systems Require Full Replacement
This property is a full renovation project, and buyers should be prepared for extensive system upgrades. The Land Bank has clearly disclosed that the following major systems are in need of repair or replacement:
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Furnace / HVAC system
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Water heater and plumbing
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Electrical system
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Roof
Because of the scope of work required, this home is best suited for buyers with renovation experience, contractor relationships, or access to construction capital. The upside is the ability to modernize all systems to current standards, improving efficiency, safety, and long-term durability.
A True Blank Slate for Redevelopment
With major systems requiring replacement, this property offers something many investors prefer: complete control over the renovation process. Rather than working around partial updates or outdated installations, buyers can implement a comprehensive rehabilitation plan from the ground up.
This allows for:
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New mechanical systems installed to code
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Updated electrical capacity suitable for modern living
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Redesigned plumbing layouts for improved functionality
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Roofing replacement that adds long-term protection and curb appeal
Once completed, the home can be positioned as a fully modernized residence with the charm of an older structure and the reliability of new systems.
Land Bank Sale Requirements
As this property is owned by the Lucas County Land Bank, buyers must adhere to specific acquisition requirements designed to ensure responsible redevelopment:
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All offers are currently being accepted, as this is not a HAP property
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A full renovation plan must be submitted with the offer
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Proof of funds is required to demonstrate the buyer’s ability to complete the entire renovation project
These requirements ensure that the property is restored responsibly and returned to productive use within the community. Serious buyers with a clear scope of work and financial readiness will find this a strong opportunity.
Ideal for Investors and Renovation Specialists
This property is particularly well-suited for:
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Fix-and-flip investors seeking substantial value-add opportunities
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Buy-and-hold investors planning to create a rental or multi-tenant asset
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Developers interested in restoring historic housing stock
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Contractors or renovation professionals looking for their next project
With the right vision and execution, this home can be transformed into a highly desirable residence while contributing to neighborhood revitalization efforts.
Neighborhood & Community Impact
Land Bank properties play a vital role in strengthening communities, and this home represents an opportunity not only for financial return but also for meaningful impact. Restoring this property helps stabilize the neighborhood, improve surrounding property values, and bring renewed life to an existing housing asset.
Buyers who value long-term community development alongside investment potential will appreciate the broader significance of this opportunity.
Why This Opportunity Stands Out
✔ 2.5-story structure with classic architectural character
✔ Three bedrooms with flexible living space
✔ Formal living room, dining room, and den on the main level
✔ Not restricted by HAP program requirements
✔ Open to all offers at this time
✔ Ideal for full renovation and modernization
✔ Strong potential for resale, rental, or portfolio growth
Final Thoughts
This Lucas County Land Bank home is not a turnkey property—it is a project with purpose. For buyers prepared to invest the time, capital, and expertise required for a full renovation, the rewards can be substantial. With its generous layout, traditional design, and freedom from owner-occupancy restrictions, this property offers a compelling opportunity to create value while restoring a home to its full potential.
Serious inquiries should be prepared with a detailed renovation plan and proof of funds at the time of offer submission.
If you’re ready to take on a meaningful renovation and unlock the potential of this classic multi-story home, this Land Bank opportunity deserves your attention.
From Zillow