Land with Renovation
For Sale
$60,000
2540 W Forest Avenue, Detroit, MI 48208
LAND - Detroit, MI
Property SizeContact for details
Lot Size0.04 Acres
Days on Market115
Property Features for 2540 W Forest Avenue
General Information
Property type
Land
Property subtype
Other
Zoning
Residential
Subdivision
Stantons
Elementary school district
Detroit
Middle school district
Detroit
High school district
Detroit
Directions
W Warren & 17th St
Standard status
Active
APN
W10I000485S
Lot size
0.04 Acres
Taxes and HOA fees
Tax Description
N FOREST W 14 FT 764 STANTONS SUB L10 P16 PLATS, W C R 10/39 14 X 115
Legal Description
N FOREST W 14 FT 764 STANTONS SUB L10 P16 PLATS, W C R 10/39 14 X 115
Utilities
Water source
Public
Listing Agency:
Keller Williams Realty-Great Lakes
(586) 541-4000
Listed By:
Erick Monzo
(586) 541-4000
Added: Apr 14
Changed: May 13
Last Checked: Aug 6 at 1:06AM
MLS# 20261022744
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.
Investment Insights
Based on property information with market context.
The properties at 2546 W. Forest and 2540 W. Forest offer a unique opportunity to acquire a structure requiring renovation, along with an adjacent vacant lot. The Detroit Land Bank Authority (DLBA) seeks a qualified proposal for the rehabilitation of 2546 W. Forest, with 2540 W. Forest included as part of the overall site plan and redevelopment approach. Proposals should clearly outline the scope of renovation for the existing structure, the intended use of the additional lot, project costs, timeline, and proof of funds sufficient to support completion. The strongest proposals will demonstrate a feasible redevelopment plan, relevant experience, and a cohesive vision for both parcels that contributes positively to the surrounding neighborhood. These properties, with a total lot size of 0.04 acres, are part of a bundle package and must be sold together. The DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. 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. The properties are located in Detroit, MI.
Key Highlights
- Opportunity to acquire a structure and adjacent vacant lot as a bundle.
- DLBA seeking proposals for renovation and redevelopment.
- Potential to contribute positively to the surrounding neighborhood.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,253
Businesses Nearby
Explore this area
Business Placement
Demographics for 48208, MI
8,090
Population
5,226
Households
1.5
Avg Household Size
37
Median Age
27%
College-Educated
79%
High-School Grad
3.2 sq mi
ZIP Area
2,528
Density / Sq Mi
$29,742
Median Household Income
$39,526
Median Earnings
$842
Median Rent
$186,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Land and structure for renovation in Detroit, MI.
Where is this residential land & home lot located?
The property is located at 2540 W Forest Avenue Detroit, MI.
What is the asking price?
The asking price for this property is $60,000.
What are key features of this property?
This property features: Opportunity to acquire a structure and adjacent vacant lot as a bundle.; DLBA seeking proposals for renovation and redevelopment.; Potential to contribute positively to the surrounding neighborhood.
