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    1522 Gray St Detroit, MI 48215

    Sponsored
    For Sale
    Contact for pricing

    Vacant Land - Detroit, MI

    Lot size:
    0.08 Acres
    Days on Market:
    180
    Last Refresh:
    Jan 10 at 11:06 am

    Property Features for 1522 Gray St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    APN
    21048455.
    Lot size
    0.08 Acres

    Building Details

    Architectural style
    Other

    RCH Brokerage Legacy, Inc. (248) 440-2268 [email protected]

    Listing agent Leonard A Pickett III (248) 440-2268

    Listing date Jul 15, 2025

    MLS# 20250036698 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Detroit Vacant Land Bundle

    This property is offered as a bundle comprising four vacant lots located at 1528, 1514, and 1508 Gray, and 12905 Brooks, Detroit, MI. The combined area of the lots totals 20,128 square feet. The properties are not sold separately and are offered together. A full rehabilitation is required. 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 details, 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 tax abatements otherwise available to the purchaser. 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 amount will be determined upon reviewing the development proforma and the effect of any tax abatement on the purchase and development financing. See attached documents for guidelines and submission instructions.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -82.9553265
    Latitude
    42.3730609

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    FAQs

    What type of property is this?
    Single family property - Bundle of vacant lots for sale in Detroit, Michigan.
    Where is this single family property located?
    The property is located at 1522 Gray St Detroit, MI.
    What is the asking price?
    The asking price for this property is $6,000.
    What are key features of this property?
    This property features: - Bundle includes a property and 4 vacant lots totaling 20,128 sqft.; - Offered at $30,000 for all lots combined.; - Opportunity for full property rehab and new construction on vacant lots.
    (248) 440-2268
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    1522 Gray St Detroit, MI 48215
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    Detroit, MI 48215
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1522 Gray St Detroit, MI 48215
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