Vacant Residential Land
For Sale
Contact for pricing
1571 Sycamore St, Detroit, MI 48208
Two vacant residential parcels on Sycamore St must be sold together for new infill development.
Property SizeContact for details
Days on Market97
Property Features for 1571 Sycamore St
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
Atlas Properties Inc
(313) 598-2566
Listed By:
Adam Hage · License #6506046052
(313) 598-2566
Source:
Elliman
Added: May 8
Changed: Aug 8
Last Checked: May 9 at 3:57AM
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 Atlas Properties Inc
Investment Insights
Based on property information with market context.
DLBA-owned vacant land offered through the Detroit Land Bank Authority (DLBA) Marketed Property Program. The offering includes two residential parcels at 1571 and 1577 Sycamore St, which must be sold together. Site dimensions are approximately 34’ x 115’ for 1571 Sycamore St and approximately 35’ x 115’ for 1577 Sycamore St, combining for approximately 69 feet of frontage and 115 feet of depth. The property is sold as-is.
The parcels are located in Detroit’s North Corktown neighborhood, with access to Downtown Detroit, the Corktown/Michigan Avenue corridor, and major employment centers described as being just minutes away. DLBA requires buyers to submit a complete proposal package, including a project description with intended use and construction timeline, proof of funds, site plan or concept drawings, and documentation of prior similar projects. Sale is contingent upon execution of a DLBA Development Agreement and compliance with City of Detroit permitting and approval requirements.
DLBA retains the right to tax recapture for five tax years following transfer of ownership, which may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests are reviewed case-by-case.
The parcels are located in Detroit’s North Corktown neighborhood, with access to Downtown Detroit, the Corktown/Michigan Avenue corridor, and major employment centers described as being just minutes away. DLBA requires buyers to submit a complete proposal package, including a project description with intended use and construction timeline, proof of funds, site plan or concept drawings, and documentation of prior similar projects. Sale is contingent upon execution of a DLBA Development Agreement and compliance with City of Detroit permitting and approval requirements.
DLBA retains the right to tax recapture for five tax years following transfer of ownership, which may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests are reviewed case-by-case.
Key Highlights
- DLBA‑owned vacant land: two residential parcels at 1571 & 1577 Sycamore St must be sold together
- Total purchase price $26,000 ($13,000 each) for the combined offering through the Detroit Land Bank Authority
- 1571 Sycamore St lot size approx. 34' x 115' and 1577 Sycamore St lot size approx. 35' x 115'
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
532
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
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Two vacant residential parcels on Sycamore St must be sold together for new infill development.
Where is this residential land & home lot located?
The property is located at 1571 Sycamore St 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: DLBA‑owned vacant land: two residential parcels at 1571 & 1577 Sycamore St must be sold together; Total purchase price $26,000 ($13,000 each) for the combined offering through the Detroit Land Bank Authority; 1571 Sycamore St lot size approx. 34' x 115' and 1577 Sycamore St lot size approx. 35' x 115'
