Two-Parcel Residential Development
For Sale
Contact for pricing
1577 Sycamore St, Detroit, MI 48208
Vacant land offering two residential parcels that must be sold together for development under DLBA requirements.
Property SizeContact for details
Lot Size0.18 Acres
Days on Market101
Property Features for 1577 Sycamore St
General Information
Standard status
Active
Lot size
0.18 Acres
Property subtype
Land
Listing Agency:
Atlas Properties Inc
(313) 598-2566
Listed By:
Adam Hage · License #6506046052
(313) 598-2566
Source:
Exprealty
Added: May 4
Changed: Aug 8
Last Checked: Jul 21 at 12:34AM
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.
Vacant residential land offered by the Detroit Land Bank Authority (DLBA) Marketed Property Program, including two parcels offered together at 1571 and 1577 Sycamore St. The combined offering provides approximately 69 feet of frontage and 115 feet of depth, with each parcel at roughly 34–35 feet by 115 feet. The property is sold as-is.
The parcels are located in Detroit’s North Corktown neighborhood. The sale is contingent upon execution of a DLBA Development Agreement and compliance with City of Detroit permitting and approval requirements. Buyer must submit a complete DLBA proposal package, including a project description with intended use and construction timeline, proof of funds, a site plan or concept drawings, and documentation of prior similar projects.
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 and may require payment in lieu of taxes subject to DLBA review of project financing and development pro forma.
The parcels are located in Detroit’s North Corktown neighborhood. The sale is contingent upon execution of a DLBA Development Agreement and compliance with City of Detroit permitting and approval requirements. Buyer must submit a complete DLBA proposal package, including a project description with intended use and construction timeline, proof of funds, a site plan or concept drawings, and documentation of prior similar projects.
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 and may require payment in lieu of taxes subject to DLBA review of project financing and development pro forma.
Key Highlights
- Two DLBA‑owned vacant residential parcels (must be sold together) at 1571 & 1577 Sycamore St, Detroit
- Approx. 34' x 115' lot at 1571 Sycamore St and approx. 35' x 115' lot at 1577 Sycamore St
- Combined site offers approx. 69' of frontage and 115' depth for single‑family or potential multi‑unit development (subject to zoning/City approval)
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Vacant land offering two residential parcels that must be sold together for development under DLBA requirements.
Where is this residential land & home lot located?
The property is located at 1577 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: Two DLBA‑owned vacant residential parcels (must be sold together) at 1571 & 1577 Sycamore St, Detroit; Approx. 34' x 115' lot at 1571 Sycamore St and approx. 35' x 115' lot at 1577 Sycamore St; Combined site offers approx. 69' of frontage and 115' depth for single‑family or potential multi‑unit development (subject to zoning/City approval)
