1508 GRAY Street Detroit, MI 48215
- Added:
- May 20, 2025
- Days on Market:
- 334
- Last Refresh:
- Apr 18 at 12:06 am
Property Features for 1508 GRAY Street
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- Residential
- Standard status
- Active
- APN
- 21048453.
- Lot size
- 0.46 Acres
Taxes and HOA fees
- Tax Description
- E GRAY 154 STERLING PARK SUB L27 P61 PLATS, W C R 21/310 30 X 122.24
Utilities
- Water source
- Public
Listing agent Leonard A Pickett III License #6501306589 (248) 440-2268
Listing office RCH Brokerage Legacy Inc 21411 Civic Center Dr Ste 2200, Southfield, MI (248) 440-2268
Listing date May 20, 2025
MLS# 20250034614
Listing URL
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Overview
Detroit Land Bundle For Sale
This property is offered as a bundle with four vacant lots located at 1528 Gray, 1514 Gray, 1522 Gray, and 12905 Brooks, totaling 20,128 square feet. The properties are not available for individual sale and are offered together. The property requires a full rehabilitation. Prospective buyers are required to submit a purchase proposal that includes detailed rehabilitation plans, a financing plan with proof of funds or a pre-approval letter, or a new construction loan. Plans for the vacant lots, including sketches and financing, should also be included. The Detroit Land Bank Authority is entitled to a tax capture for the five tax years following the transfer of ownership. This tax capture may not be compatible with other tax abatements available to the purchaser. The Detroit Land Bank Authority will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment amount will be determined after reviewing the development proforma and the effect of any tax abatement on the purchase and development financing. Additional guidelines and submission instructions are provided in the attached documents.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Residential land & home ...
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -82.955229
- Latitude
- 42.372944
Nearby Similar for Sale
FAQs
What type of property is this?
Residential land & home lot - Bundle includes a property needing rehab and four vacant lots.
Where is this residential land & home lot located?
The property is located at 1508 GRAY 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: Bundle includes a property and 4 vacant lots totaling 20,128 sqft.; All lots and property are sold together for $30,000.; **Opportunity for full property rehab and new construction on vacant lots.**
