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    471 Jefferson Ave Detroit, MI 48207

    For Sale
    $35,000

    Vacant Land - Detroit, MI

    Lot size:
    0.05 Acres
    Days on Market:
    67
    Last Refresh:
    Dec 12 at 9:06 am

    Property Features for 471 Jefferson Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    APN
    W15I013448S
    Lot size
    0.05 Acres

    Building Details

    Architectural style
    Other

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

    Listing agent Erick Monzo (586) 541-4000

    Listing date Oct 7, 2025

    MLS# 20240073928 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

    Islandview Vacant Land Opportunity

    This 0.10-acre vacant lot is located in the Islandview neighborhood. It presents an opportunity for building a home or investment property. The location provides access to Belle Isle, the Detroit Riverwalk, and downtown Detroit. The Detroit Land Bank Authority (DLBA) is seeking proposals for the activation and stewardship of vacant land sites, including urban agriculture, gardening, or beautification, whether for profit or community activation. Buyers should consult the proposal guidelines for land-based sites and the Guide to Plot Plan, Site Design, and Maintenance. The DLBA recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional neighborhood context. The DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property, which may be incompatible 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.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.038853
    Latitude
    42.331561

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    FAQs

    What type of property is this?
    Land - Vacant 0.10-acre lot in Islandview, near Belle Isle.
    Where is this land located?
    The property is located at 471 Jefferson Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: - Prime vacant lot in the highly sought-after Islandview neighborhood.; - Excellent location: Minutes from Belle Isle, the Detroit Riverwalk, and downtown.; - Opportunity to build a dream home or investment property.
    (586) 541-4000
    Request Owner's contact information
    471 Jefferson Ave 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
    471 Jefferson Ave Detroit, MI 48207
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