Vacant Development
For Sale
Contact for pricing
Pending
1552 PERRY, Detroit, MI 48216
Vacant land available for a new build, subject to Detroit Land Bank Authority development plan requirements.
Property SizeContact for details
Days on Market30
Property Features for 1552 PERRY
General Information
Standard status
Pending
Property subtype
Land
Listing Agency:
Premier Property Services
(313) 806-1303
Listed By:
James Bufalino · License #6505382114
(313) 806-1303
Source:
Elliman
Added: Jul 16
Changed: Aug 8
Last Checked: Jul 16 at 5:29PM
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 Premier Property Services
Investment Insights
Based on property information with market context.
This vacant lot is being offered as a new build opportunity. The purchaser must submit a development plan that includes the scope of development (number of units and total square footage), development cost estimates, proof of funds, and architectural drawings or precedent architecture images; incomplete proposals will not be considered.
The Detroit Land Bank Authority is entitled to a tax capture for the five tax years following transfer of ownership. This tax capture may be incompatible with tax abatements that could otherwise be available to the selected purchaser, and requests to waive the tax capture rights are reviewed by DLBA and may require a payment in lieu of taxes based on the development pro forma and the effect of any tax abatements on purchase and development financing. Contact the agent for additional details.
The Detroit Land Bank Authority is entitled to a tax capture for the five tax years following transfer of ownership. This tax capture may be incompatible with tax abatements that could otherwise be available to the selected purchaser, and requests to waive the tax capture rights are reviewed by DLBA and may require a payment in lieu of taxes based on the development pro forma and the effect of any tax abatements on purchase and development financing. Contact the agent for additional details.
Key Highlights
- Vacant land available for a new build in Detroit.
- Buyer must submit a development plan with unit count, total square footage, development cost estimates, proof of funds, and architectural drawings or precedent images.
- Incomplete proposals will not be considered under the Detroit Land Bank Authority process.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
924
Businesses Nearby
Explore this area
Business Placement
Demographics for 48216, MI
5,031
Population
3,398
Households
1.5
Avg Household Size
35
Median Age
37%
College-Educated
87%
High-School Grad
2.3 sq mi
ZIP Area
2,187
Density / Sq Mi
$42,278
Median Household Income
$42,189
Median Earnings
$860
Median Rent
$225,300
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Vacant land available for a new build, subject to Detroit Land Bank Authority development plan requirements.
Where is this residential land & home lot located?
The property is located at 1552 PERRY 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: Vacant land available for a new build in Detroit.; Buyer must submit a development plan with unit count, total square footage, development cost estimates, proof of funds, and architectural drawings or precedent images.; Incomplete proposals will not be considered under the Detroit Land Bank Authority process.
