Residential Land Bundle in
For Sale
Contact for pricing
1508 GRAY Street, Detroit, MI 48215
LAND - Detroit, MI
Property SizeContact for details
Lot Size0.08 Acres
Days on Market450
Property Features for 1508 GRAY Street
General Information
Property type
Land
Property subtype
Other
Zoning
Residential
Subdivision
STERLING PARK (PLATS)
Elementary school district
Detroit
Middle school district
Detroit
High school district
Detroit
Directions
Take Jefferson Ave headed East pass Conner. Make left onto Gray.
Standard status
Active
APN
21048453.
Lot size
0.08 Acres
Taxes and HOA fees
Tax Description
E GRAY 154 STERLING PARK SUB L27 P61 PLATS, W C R 21/310 30 X 122.24
Legal Description
E GRAY 154 STERLING PARK SUB L27 P61 PLATS, W C R 21/310 30 X 122.24
Utilities
Water source
Public
Listing Agency:
RCH Brokerage Legacy Inc
(248) 440-2268
Listed By:
Leonard A Pickett III · License #6501306589
(248) 440-2268
Added: May 20, 2025
Changed: May 8
Last Checked: Aug 12 at 8:06PM
MLS# 20250034614
Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property is sold as a bundle with four vacant lots located at 1528, 1514, and 1522 Gray Street, and 12905 Brooks Street, Detroit, MI 48215, totaling 20,128 square feet. The properties are not sold separately. The bundle requires full rehabilitation. Buyers must submit a proposal to purchase, including detailed plans for rehabilitation and a financing plan with proof of funds or a pre-approval letter, or a new construction loan. Plans for the vacant lots should include sketches and financing. The Detroit Land Bank Authority is entitled to a tax capture for the five tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements otherwise available to the selected purchaser. The Detroit Land Bank Authority will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and the effect of any tax abatement on the purchase and development financing. The lot size is 0.08 acres.
Key Highlights
- Bundle includes a property and 4 vacant lots totaling 20,128 sqft.
- All lots and property are sold together for $30,000.
- Opportunity for full property rehab and new construction on vacant lots.**
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 - Bundle of lots for rehab or new construction.
Where is this residential land & home lot located?
The property is located at 1508 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: Bundle includes a property and 4 vacant lots totaling 20,128 sqft.; All lots and property are sold together for $30,000.; Opportunity for full property rehab and new construction on vacant lots.**
