Residential Vacant Land
For Sale
Contact for pricing
2525 Meldrum Street, Detroit, MI 48207
Vacant residential lot available through the Detroit Land Bank in the Islandview neighborhood.
Property SizeContact for details
Days on Market675
Property Features for 2525 Meldrum Street
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
Keller Williams Realty-Great Lakes
(586) 808-6436
Listed By:
Erick Monzo · License #6501330189
(586) 808-6436
Source:
Compass
Added: Oct 8, 2024
Changed: Aug 8
Last Checked: Jul 20 at 1:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty-Great Lakes
Investment Insights
Based on property information with market context.
This residential vacant lot is offered for sale by the Detroit Land Bank. The DLBA is seeking proposals to support the activation and stewardship of vacant land sites, including urban agriculture, gardening, or beautification, whether for profit or community activation. Interested buyers should review the proposal guidelines for land-based sites and the Guide to Plot Plan, Site Design, and Maintenance.
The property is located in the Islandview neighborhood and is described as being minutes from Downtown Detroit.
Please note that the DLBA is entitled to a tax capture for the five tax years subsequent to transferring ownership. The DLBA notes that tax capture may be incompatible with tax abatements otherwise available to the selected purchaser, and that requests to waive tax capture will be reviewed and may require a payment in lieu of taxes based on the development pro forma and the effect of any tax abatement on purchase and development financing.
The property is located in the Islandview neighborhood and is described as being minutes from Downtown Detroit.
Please note that the DLBA is entitled to a tax capture for the five tax years subsequent to transferring ownership. The DLBA notes that tax capture may be incompatible with tax abatements otherwise available to the selected purchaser, and that requests to waive tax capture will be reviewed and may require a payment in lieu of taxes based on the development pro forma and the effect of any tax abatement on purchase and development financing.
Key Highlights
- Vacant residential lot available through the Detroit Land Bank in the Islandview neighborhood
- Located minutes from Downtown Detroit
- DLBA is seeking proposals for activation and stewardship, including urban agriculture, gardening, or beautification
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
Explore this area
Business Placement
Demographics for 48207, MI
21,704
Population
13,026
Households
1.7
Avg Household Size
42
Median Age
35%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
3,445
Density / Sq Mi
$44,561
Median Household Income
$43,377
Median Earnings
$1,040
Median Rent
$193,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Vacant residential lot available through the Detroit Land Bank in the Islandview neighborhood.
Where is this residential land & home lot located?
The property is located at 2525 Meldrum Street Detroit, MI.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: Vacant residential lot available through the Detroit Land Bank in the Islandview neighborhood; Located minutes from Downtown Detroit; DLBA is seeking proposals for activation and stewardship, including urban agriculture, gardening, or beautification
