Vacant Residential Land
For Sale
Contact for pricing
1522 Gray Street, Detroit, MI 48215
Vacant residential land lot sold only as part of a five-lot bundle requiring full rehab planning.
Property SizeContact for details
Lot Size0.46 Acres
Days on Market450
Property Features for 1522 Gray Street
General Information
Standard status
Active
Lot size
0.46 Acres
Property subtype
Land
Listing Agency:
RCH Brokerage Legacy Inc
(313) 510-7887
Listed By:
Leonard A Pickett · License #6501306589
(313) 510-7887
Source:
Compass
Added: May 20, 2025
Changed: Aug 8
Last Checked: Jul 20 at 9:27PM
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 RCH Brokerage Legacy Inc
Investment Insights
Based on property information with market context.
This for-sale vacant residential land lot is sold only as part of a bundle that includes four additional vacant lots identified as 1528, 1514, 1508 Gray, and 12905 Brooks. The lots are not available for separate purchase, and the buyer is required to submit a proposal to purchase that includes detailed rehab plans and a financing plan with proof of funds or pre-approval, or documentation for a new construction loan. The submission should also include plans for the vacant lots with sketches and the applicable financing details. The property needs full rehab.
The Detroit Land Bank Authority is entitled to a tax capture for the five tax years subsequent to transferring ownership. The tax capture may be incompatible with any tax abatement that might otherwise be available to the purchaser. DLBA will review requests to waive its tax capture rights 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. See attached documents for submission instructions and guidelines.
The Detroit Land Bank Authority is entitled to a tax capture for the five tax years subsequent to transferring ownership. The tax capture may be incompatible with any tax abatement that might otherwise be available to the purchaser. DLBA will review requests to waive its tax capture rights 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. See attached documents for submission instructions and guidelines.
Key Highlights
- Sold only as part of a 5‑lot bundle, not offered separately.
- Bundle includes vacant lots 1528, 1514, 1508 Gray and 12905 Brooks totaling 20,128 SF.
- All 5 lots sold together for $30,000.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
206
Businesses Nearby
Explore this area
Business Placement
Demographics for 48215, MI
10,520
Population
6,044
Households
1.7
Avg Household Size
41
Median Age
19%
College-Educated
85%
High-School Grad
3.9 sq mi
ZIP Area
2,697
Density / Sq Mi
$33,741
Median Household Income
$36,728
Median Earnings
$897
Median Rent
$105,400
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 land lot sold only as part of a five-lot bundle requiring full rehab planning.
Where is this residential land & home lot located?
The property is located at 1522 Gray 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: Sold only as part of a 5‑lot bundle, not offered separately.; Bundle includes vacant lots 1528, 1514, 1508 Gray and 12905 Brooks totaling 20,128 SF.; All 5 lots sold together for $30,000.
