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    1552 Perry St Detroit, MI 48216

    Picture of Land at Perry St 1552, Detroit, MI
    Under Contract
    For Sale
    Contact for pricing

    Vacant Land - Detroit, MI

    Lot size:
    0.08 Acres
    Days on Market:
    1021
    Last Refresh:
    Dec 15 at 9:06 am

    Property Features for 1552 Perry St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    Residential
    APN
    W08I000694S
    Lot size
    0.08 Acres

    Building Details

    Architectural style
    Other

    Premier Property Services (313) 822-9000 [email protected]

    Listing agent James Bufalino (313) 822-9000

    Listing date Mar 1, 2023

    MLS# 219033839 Listing URL

    Copyright © 2025 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 New Build

    This vacant land in Detroit, MI, presents a new build opportunity. A development plan must be submitted by the purchaser, including the scope of development (number of units and total square footage), development cost estimates, proof of funds, and architectural drawings or precedent architecture images. Incomplete proposals will not be considered. The Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. This tax capture may be incompatible with tax abatements otherwise available to the selected 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 will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing. The lot size is 0.08 acres and is zoned residential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant 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
    -83.0714194
    Latitude
    42.3370049

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    FAQs

    What type of property is this?
    Land - Vacant land in Detroit, MI, ideal for new construction.
    Where is this land located?
    The property is located at 1552 Perry St Detroit, MI.
    What is the asking price?
    The asking price for this property is $24,800.
    What are key features of this property?
    This property features: - New build opportunity: vacant lot ready for development.; - Development plan required: allows purchaser to define the project.; - Defined submission requirements: clear guidelines for proposal submission (scope, cost, funds, drawings).
    (313) 822-9000
    Request Owner's contact information
    1552 Perry St Detroit, MI 48216
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    Detroit, MI 48216
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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
    1552 Perry St Detroit, MI 48216
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