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    2081 Virginia Park St Detroit, MI 48206

    For Sale
    $30,000

    Vacant Land - Detroit, MI

    Lot size:
    0.37 Acres
    Days on Market:
    116
    Last Refresh:
    Dec 13 at 4:06 am

    Property Features for 2081 Virginia Park St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    APN
    08002007.
    Lot size
    0.37 Acres

    Building Details

    Architectural style
    Other

    Bellabay Realty Tri-Counties (248) 274-6614 [email protected]

    Listing agent Natasha C Richards (248) 274-6614

    Listing date Aug 20, 2025

    MLS# 20240024668 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 Opportunity

    This vacant land in Detroit, MI, presents an opportunity for new housing development within a thriving community. The location is near the Motown Museum, Henry Ford Hospital, and the New Center/Downtown area. Spanning 0.37 acres, the property is zoned for residential use. The Detroit Land Bank Authority (DLBA) is looking for proposals geared toward small- to medium-scale infill development. The goal is to increase housing supply and restore the urban fabric, density, and walkability of the neighborhood. Interested buyers should consult the DLBA's 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 after transferring ownership of the property, which may not be compatible with other 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.
    Property Profile 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 Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0981142
    Latitude
    42.3684054

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    FAQs

    What type of property is this?
    Land - Vacant land for new housing development in thriving Detroit community.
    Where is this land located?
    The property is located at 2081 Virginia Park St Detroit, MI.
    What is the asking price?
    The asking price for this property is $30,000.
    What are key features of this property?
    This property features: - Vacant lot suitable for new housing development.; - Located in a thriving community near Motown Museum, Henry Ford Hospital, and New Center/Downtown.; - Opportunity for small- to medium-scale infill development.
    (248) 274-6614
    Request Owner's contact information
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    Detroit, MI 48206
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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
    2081 Virginia Park St Detroit, MI 48206
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