Residential Land in Detroit,
For Sale
Contact for pricing
1245 Concord Street, Detroit, MI 48207
LAND - Detroit, MI
Property SizeContact for details
Lot Size0.11 Acres
Days on Market211
Property Features for 1245 Concord Street
General Information
Property type
Land
Property subtype
Other
Zoning
Residential
Subdivision
F W Baggs Sub
Elementary school district
Detroit
Middle school district
Detroit
High school district
Detroit
Directions
St Paul to Concord
Standard status
Active
APN
W15I011752S
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
W CONCORD S 1.50 FT 38 37 F W BAGGS SUB L5 P59 PLATS, WCR 15/128 31.50 X 153.27
Legal Description
W CONCORD S 1.50 FT 38 37 F W BAGGS SUB L5 P59 PLATS, WCR 15/128 31.50 X 153.27
Listing Agency:
Keller Williams Realty-Great Lakes
(586) 541-4000
Listed By:
Erick Monzo
(586) 541-4000
Added: Jan 7
Changed: May 13
Last Checked: Aug 6 at 12:06AM
MLS# 20251061396
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Investment Insights
Based on property information with market context.
This residential-zoned land is listed as a bundle with the contiguous parcels at 1251 Concord and 1245 Concord, Detroit, MI 48207. The properties must be purchased together and cannot be split. With a lot size of 0.11 acres, the property offers potential for new build or infill development. Interested buyers must submit a proposal that includes a project proposal with the intended use and timeline, proof of funds, scope of work with a breakdown of renovation costs, and proof of previous projects including addresses and photos. The Detroit Land Bank Authority (DLBA) is seeking proposals for small- to medium-scale infill development to increase housing supply, restore the urban fabric, and improve density and walkability. Interested buyers should consult the proposal guidelines for new build opportunities and review relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. The DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property, which may be incompatible with tax abatements. The 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.
Key Highlights
- Excellent potential for new build/infill development in a residential zone.
- Opportunity to increase housing supply and improve density/walkability.
- Bundle includes contiguous parcels: 1251 Concord and 1245 Concord.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
447
Businesses Nearby
Explore this area
Business Placement
Demographics for 48207, MI
21,704
Population
13,026
Households
1.7
Avg Household Size
42
Median Age
35%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
3,445
Density / Sq Mi
$44,561
Median Household Income
$43,377
Median Earnings
$1,040
Median Rent
$193,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Land bundle ideal for new residential development in Detroit.
Where is this residential land & home lot located?
The property is located at 1245 Concord Street Detroit, MI.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: Excellent potential for new build/infill development in a residential zone.; Opportunity to increase housing supply and improve density/walkability.; Bundle includes contiguous parcels: 1251 Concord and 1245 Concord.
