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    2499 Townsend St Detroit, MI 48214

    Under Contract
    For Sale
    Contact for pricing

    Vacant Land - Detroit, MI

    Lot size:
    0.10 Acres
    Days on Market:
    185
    Last Refresh:
    Dec 12 at 1:06 pm

    Property Features for 2499 Townsend St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    Residential
    APN
    17012459.
    Lot size
    0.10 Acres

    Building Details

    Architectural style
    Other

    SCS Great Lakes INC (586) 541-4000 [email protected]

    Listing agent Erick Monzo (586) 541-4000

    Listing date Jun 11, 2025

    MLS# 20240026571 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 Bundle

    This vacant land bundle, located in Detroit's Islandview neighborhood at Vernor Hwy and Grand Blvd, qualifies for West Village NEZ for Infill Development. It is intended for new build or ground-up development. The bundle includes 2499 Townsend and 2505 Townsend and must be purchased together. The site is conveniently located 7 minutes from Eastern Market and a short distance from Downtown Detroit. The City of Detroit has announced a multi-million dollar investment to improve the area. Nearby amenities include the New Butzel Playfield and improvements to Marcus Garvey Academy. The Detroit Land Bank Authority (DLBA) is entitled to a tax capture for the 5 tax years after transferring ownership. This tax capture 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. The payment amount will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing. The lot size is 0.1 acres.
    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
    -83.0063376
    Latitude
    42.360212

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    FAQs

    What type of property is this?
    Residential land & home lot - Two-lot bundle in Islandview neighborhood, ideal for new development.
    Where is this residential land & home lot located?
    The property is located at 2499 Townsend St Detroit, MI.
    What is the asking price?
    The asking price for this property is $20,000.
    What are key features of this property?
    This property features: - Qualifies for West Village NEZ for Infill Development.; - Two-lot bundle ideal for new construction/ground-up development.; - Located in the Islandview neighborhood near Vernor Hwy and Grand Blvd.
    (586) 541-4000
    Request Owner's contact information
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    Detroit, MI 48214
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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
    2499 Townsend St Detroit, MI 48214
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