Residential & Multifamily Development
For Sale
$54,500
5034 Vermont Street, Detroit, MI 48208
Zoned for residential and multifamily projects, the lot measures 30 by 130 and is minutes from Downtown Detroit.
Property SizeContact for details
Days on Market863
Property Features for 5034 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 3, 2024
Changed: Aug 8
Last Checked: Jul 21 at 2:21AM
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 listing offers a development lot zoned for residential and multifamily projects. The site measures 30 by 130, providing a defined footprint for potential new construction opportunities. Interested buyers should review the provided proposal guidelines regarding new build opportunities.
The property is located a few minutes from Downtown Detroit and Corktown, with convenient access to major expressways including I-75 and I-96.
As part of the transaction, the DLBA is entitled to a tax capture for the five tax years after ownership is transferred. The tax capture may be incompatible with certain tax abatement options available to the selected purchaser, and the DLBA will review requests to waive tax capture rights, which may require a payment in lieu of taxes based on the development pro forma and the effect of any tax abatement.
The property is located a few minutes from Downtown Detroit and Corktown, with convenient access to major expressways including I-75 and I-96.
As part of the transaction, the DLBA is entitled to a tax capture for the five tax years after ownership is transferred. The tax capture may be incompatible with certain tax abatement options available to the selected purchaser, and the DLBA will review requests to waive tax capture rights, which may require a payment in lieu of taxes based on the development pro forma and the effect of any tax abatement.
Key Highlights
- Zoned for Residential and Multifamily projects
- Lot size is 30 ft by 130 ft
- Located a few minutes from Downtown Detroit and Corktown
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 - Zoned for residential and multifamily projects, the lot measures 30 by 130 and is minutes from Downtown Detroit.
Where is this residential land & home lot located?
The property is located at 5034 Vermont Street Detroit, MI.
What is the asking price?
The asking price for this property is $54,500.
What are key features of this property?
This property features: Zoned for Residential and Multifamily projects; Lot size is 30 ft by 130 ft; Located a few minutes from Downtown Detroit and Corktown
