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    5585 Ridgewood St Detroit, MI 48204

    For Sale
    Contact for pricing

    Vacant Land - Detroit, MI

    Lot size:
    0.36 Acres
    Days on Market:
    185
    Last Refresh:
    Dec 12 at 8:06 am

    Property Features for 5585 Ridgewood St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    APN
    16004297.
    Lot size
    0.36 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# 20240040990 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

    Residential Zoned Vacant Lot

    This residential zoned vacant lot is located close to the expressway. The 0.36-acre lot is ready for building a home or an income-generating property. The Detroit Land Bank 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. The Detroit Land Bank 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 property is located in Detroit, Wayne County, Michigan.
    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
    -83.1377363
    Latitude
    42.3622477

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    FAQs

    What type of property is this?
    Residential land & home lot - Residential zoned vacant lot, build your dream home or income property.
    Where is this residential land & home lot located?
    The property is located at 5585 Ridgewood St Detroit, MI.
    What is the asking price?
    The asking price for this property is $5,000.
    What are key features of this property?
    This property features: - Vacant lot ready for construction.; - Zoned residential, making it suitable for a dream home or income property.; - Located close to the expressway.
    (586) 541-4000
    Request Owner's contact information
    5585 Ridgewood St Detroit, MI 48204
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    Detroit, MI 48204
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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
    5585 Ridgewood St Detroit, MI 48204
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