Residential Infill Land
For Sale
Contact for pricing
5709 Vermont Street, Detroit, MI 48208
Land parcel positioned for small- to medium-scale residential infill near Downtown and key Detroit institutions.
Property SizeContact for details
Days on Market497
Property Features for 5709 Vermont Street
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
Bellabay Realty Tri Counties
(313) 204-0310
Listed By:
Natasha C Richards · License #6502385914
(313) 204-0310
Source:
Compass
Added: Apr 4, 2025
Changed: Aug 8
Last Checked: Jul 20 at 1:39PM
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 Bellabay Realty Tri Counties
Investment Insights
Based on property information with market context.
This is a residential land offering presented by the Detroit Land Bank Authority for small- to medium-scale infill development intended to increase housing supply and help restore the urban fabric, including density and walkability. Buyers are directed to review the DLBA’s proposal guidelines for new build opportunities.
The property is located at 5709 Vermont Street in Detroit and is described as being close to Downtown, Motown Museum, Henry Ford Hospital, Corktown, Midtown, Wayne State University, and future major developing areas. Interested parties should also review relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional neighborhood context.
Please note that the DLBA is entitled to a tax capture for the five tax years subsequent to transferring ownership. This tax capture may be incompatible with tax abatements and/or lot combinations available to a selected purchaser. The DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes, determined based on the development pro forma and the effect of any tax abatements on purchase and development financing.
The property is located at 5709 Vermont Street in Detroit and is described as being close to Downtown, Motown Museum, Henry Ford Hospital, Corktown, Midtown, Wayne State University, and future major developing areas. Interested parties should also review relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional neighborhood context.
Please note that the DLBA is entitled to a tax capture for the five tax years subsequent to transferring ownership. This tax capture may be incompatible with tax abatements and/or lot combinations available to a selected purchaser. The DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes, determined based on the development pro forma and the effect of any tax abatements on purchase and development financing.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,828
Businesses Nearby
Explore this area
Business Placement
Demographics for 48208, MI
8,090
Population
5,226
Households
1.5
Avg Household Size
37
Median Age
27%
College-Educated
79%
High-School Grad
3.2 sq mi
ZIP Area
2,528
Density / Sq Mi
$29,742
Median Household Income
$39,526
Median Earnings
$842
Median Rent
$186,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Land parcel positioned for small- to medium-scale residential infill near Downtown and key Detroit institutions.
Where is this residential land & home lot located?
The property is located at 5709 Vermont Street Detroit, MI.
What is the asking price?
The asking price for this property is Off market.
