1547 Elm Street, Detroit, MI 48216

Detroit
Local realty services provided by:ERA Prime Real Estate Group
1547 Elm Street,Detroit, MI 48216
$25,000
  • 0.16 Acres
  • Lots / Land
  • Active
Listed by: catina willis
Office: next level realty & investments
MLS#:20261034820
Source:MI_REALCOMP

Price summary

  • Price:$25,000

About this home

North Corktown development opportunity. Located a few minutes from Motor City Casino. This vacant parcel is owned by the Detroit Land Bank Authority (DLBA) through its Marketed Property Program. The property offers an opportunity for new construction and infill development, subject to zoning and City approvals. 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 payment in lieu of taxes, determined after DLBA review of the development pro forma and financing. Buyer agent to confirm...

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Home facts

  • Subdivision & Development:MC KEOWNS SUB
  • Listing ID #:20261034820
  • Added:166 day(s) ago
  • Updated:October 31, 2026 at 10:32 AM

Structure and exterior

  • Lot area:0.16 Acres

Utilities

  • Water:Public, Water at Street
  • Sewer:Public Sewer, Sewer at Street

Finances and disclosures

  • Price:$25,000
  • Tax amount:$2
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