Residential Land Bundle in
For Sale
Contact for pricing
1514 GRAY Street, Detroit, MI 48215
LAND - Detroit, MI
Property SizeContact for details
Lot Size0.08 Acres
Days on Market464
Property Features for 1514 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
21048454.
Lot size
0.08 Acres
Taxes and HOA fees
Tax Description
E GRAY 155 STERLING PARK SUB L27 P61 PLATS, W C R 21/310 30 X 122.24
Legal Description
E GRAY 155 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 18, 2025
Changed: May 8
Last Checked: Aug 24 at 12:06AM
MLS# 20250036689
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, 1508, and 1522 Gray Street, and 12905 Brooks Street, Detroit, MI 48215, totaling 20,128 square feet. The properties are not sold separately and are offered together. The property requires a full rehabilitation. Prospective buyers are required to submit a purchase proposal that includes detailed rehabilitation plans, a financing plan with proof of funds or a pre-approval letter, or a new construction loan. The proposal should also include plans for the vacant lots, complete with sketches and financing details. The Detroit Land Bank Authority is entitled to a tax capture for the five tax years following the transfer of ownership. This tax capture may not be compatible with other tax abatements available to the purchaser. The 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 will be determined after reviewing the development proforma and the effect of any tax abatement on the purchase and development financing. The lot size is approximately 0.08 acres.
Key Highlights
- Bundle includes a property and 4 vacant lots totaling 20,128 sqft.
- All lots sold together for $30,000.
- Public water source available.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
306
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 sale in Detroit, Michigan.
Where is this residential land & home lot located?
The property is located at 1514 GRAY Street Detroit, MI.
What are key features of this property?
This property features: Bundle includes a property and 4 vacant lots totaling 20,128 sqft.; All lots sold together for $30,000.; Public water source available.
