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Street View
$25,000
Monthly Est:$124
-- Bed
-- Bath
0.16acre lot
1547 Elm St, Detroit, MI 48216
$25,000
$124/moEst:
Get Pre-Approved
Land
Built in -
$-- HOA
0.16 acre lot
$156,250/acre
Description
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 details. *Includes 1547 and 1559 Elm.
- Houzeo last checked: 1 hour ago
- Listing updated: July 24, 2026 at 5:49 pm
- Listing Provided by: Catina Willis (734) 506-0076 | Next Level Realty & Investments (734) 506-0076
- Source: Realcomp MLS-MI | MLS#: 20261034820
- Originating MLS: Realcomp II Ltd
Property Details
Status
Active Under Contract
Type
Land
No. of Stories
-
County
City
Neighborhood
Year Built
-
HOA Fees
-
Finished Area
- sqft
Lot Size
0.16 acre lot
Basement Area
- sqft
MLS Name
Realcomp MLS
MLS Number
20261034820
MLS Status
Accepting Backup Offers
Days on Market
147
Cumulative Days on Market
66
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Interior
Sewer
Public Sewer, Sewer At Street
Utilities & Energy
Water Source
Public, Waterat Street
Other Features
Subdivision Name
Mc Keowns Sub
Price History
| Date | Event | Price |
|---|---|---|
07/24/2026 Source: | Contingent (Active Under Contract) | $25,000 $0/sqft |
05/19/2026 Source: | Listed for Sale | $25,000 $0/sqft |
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Based on information from the Board/Association of REALTORS® (alternatively, from the Realcomp II Ltd. MLS) through Oct 09, 2026, 02:30PM. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified. IDX provided courtesy of Realcomp II Ltd. via Andover Real Estate & Houzeo, Copyright 2026 Realcomp II Ltd. Shareholders Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listing Information presented by local MLS brokerage: Andover Real Estate, local REALTOR®- Scott Rubin - (248)206-3666 . Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. © 2024 Realcomp II Ltd. MLS. All Rights Reserved.
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