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    2998 Sheridan St Detroit, MI 48214

    Picture of Residential land & home lots at Sheridan St 2998, Detroit, MI
    For Sale
    $185,000

    Vacant Land - Detroit, MI

    Lot size:
    0.55 Acres
    Days on Market:
    659
    Last Refresh:
    Dec 15 at 9:06 am

    Property Features for 2998 Sheridan St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Multi-Family,Multiple,Residential,Site Plan Condo
    APN
    17012733.
    Lot size
    0.55 Acres

    Building Details

    Architectural style
    Other

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

    Listing agent James Bufalino (313) 822-9000

    Listing date Feb 26, 2024

    MLS# 20240005086 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 Land Infill Opportunity

    This 0.55-acre vacant land parcel in Detroit, MI, presents a residential infill development opportunity within the Island View neighborhood. The properties included in the sale are located at 2998, 3002, 3008, 3016, 3022, 3028, 3034 and 3040 Sheridan Street. The Detroit Land Bank Authority (DLBA) seeks proposals for small- to medium-scale infill development aimed at increasing housing supply, restoring the urban fabric, and enhancing density and walkability. A wide range of housing types are encouraged, including townhomes, quadplexes, and single-family detached residences. 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 zoning is Multi-Family, Multiple, Residential, and Site Plan Condo.
    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
    -83.00835
    Latitude
    42.3624764

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    FAQs

    What type of property is this?
    Residential land & home lot - Residential infill development opportunity in Detroit's Island View neighborhood.
    Where is this residential land & home lot located?
    The property is located at 2998 Sheridan St Detroit, MI.
    What is the asking price?
    The asking price for this property is $185,000.
    What are key features of this property?
    This property features: - Residential infill development opportunity in Island View.; - Opportunity to increase housing supply and restore urban fabric.; - Wide range of housing types are welcome, including townhomes, quadplexes, and detached single-family residences.
    (313) 822-9000
    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
    2998 Sheridan St Detroit, MI 48214
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