Residential Land Lot
For Sale
Contact for pricing
4822 Sheridan Street, Detroit, MI 48214
Residential lots must be purchased together across from Dueweke Park in Detroit’s Gratiot-Grand neighborhood.
Property SizeContact for details
Days on Market794
Property Features for 4822 Sheridan 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: Jun 11, 2024
Changed: Aug 8
Last Checked: Jul 20 at 10:28AM
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 offering is a bundle of residential land lots that must be purchased together, including addresses 4822 Sheridan, 4834 Sheridan, 4830 Sheridan, and 4816 Sheridan. The Detroit Land Bank Authority (DLBA) is the seller.
The lots are located in the Gratiot-Grand neighborhood and are directly across the street from Dueweke Park. Per the DLBA, it is entitled to a tax capture for the five tax years subsequent to transferring ownership of the property. This tax capture may be incompatible with any tax abatement that may 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 to approve such requests. The payment amount would be determined after reviewing the development pro forma and the effect of any tax abatement on the purchase and development financing.
The lots are located in the Gratiot-Grand neighborhood and are directly across the street from Dueweke Park. Per the DLBA, it is entitled to a tax capture for the five tax years subsequent to transferring ownership of the property. This tax capture may be incompatible with any tax abatement that may 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 to approve such requests. The payment amount would be determined after reviewing the development pro forma and the effect of any tax abatement on the purchase and development financing.
Key Highlights
- Bundle of residential lots in Detroit’s Gratiot‑Grand neighborhood: 4816 Sheridan, 4822 Sheridan, 4830 Sheridan, and 4834 Sheridan
- All lots must be purchased together as a package
- Located directly across the street from Dueweke Park
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
637
Businesses Nearby
Explore this area
Business Placement
Demographics for 48214, MI
18,959
Population
13,279
Households
1.4
Avg Household Size
44
Median Age
27%
College-Educated
84%
High-School Grad
5.1 sq mi
ZIP Area
3,717
Density / Sq Mi
$34,807
Median Household Income
$36,625
Median Earnings
$818
Median Rent
$120,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Residential lots must be purchased together across from Dueweke Park in Detroit’s Gratiot-Grand neighborhood.
Where is this residential land & home lot located?
The property is located at 4822 Sheridan 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: Bundle of residential lots in Detroit’s Gratiot‑Grand neighborhood: 4816 Sheridan, 4822 Sheridan, 4830 Sheridan, and 4834 Sheridan; All lots must be purchased together as a package; Located directly across the street from Dueweke Park
