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    3223 Meldrum St Detroit, MI 48207

    For Sale
    Contact for pricing

    Vacant Land - Detroit, MI

    Lot size:
    0.10 Acres
    Days on Market:
    293
    Last Refresh:
    Dec 12 at 11:06 pm

    Property Features for 3223 Meldrum St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    APN
    W15I013735S
    Lot size
    0.10 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 Feb 23, 2025

    MLS# 20240058649 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 For Sale

    This vacant land is an infill lot located in Detroit, Michigan. The lot size is 30x140, totaling 0.1 acres. It is zoned for residential use. The Detroit Land Bank Authority (DLBA) is offering this property and seeking proposals for small- to medium-scale infill development. The goal is to increase housing supply and restore the urban fabric, as well as density and walkability in the area. Interested buyers should consult the DLBA proposal guidelines for new build opportunities. The DLBA recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. The Detroit Land bank Authority 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 abatements and/or lot combinations 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 abatements on the purchase and development financing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0198365
    Latitude
    42.3603504

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    FAQs

    What type of property is this?
    Land - Islandview infill lot available for small to medium scale development.
    Where is this land located?
    The property is located at 3223 Meldrum St Detroit, MI.
    What is the asking price?
    The asking price for this property is $12,000.
    What are key features of this property?
    This property features: - Opportunity for small- to medium-scale infill development to increase housing supply.; - Lot size: 30x140, suitable for new construction.; - Located in Islandview, a neighborhood targeted for increased density and walkability.
    (248) 274-6614
    Request Owner's contact information
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    Detroit, MI 48207
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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
    3223 Meldrum St Detroit, MI 48207
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