Residential Build Lot
For Sale
$42,500
2949 East Vernor Highway, Detroit, MI 48207
Sale includes five residential lots on E Vernor Highway and is not offered as individual parcels.
Property SizeContact for details
Days on Market325
Property Features for 2949 East Vernor Highway
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
Bellabay Realty Tri Counties
(313) 204-0310
Listed By:
Natasha C Richards · License #6502385914
(313) 204-0310
Source:
Compass
Added: Sep 24, 2025
Changed: Aug 8
Last Checked: Jul 16 at 2:17AM
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 Bellabay Realty Tri Counties
Investment Insights
Based on property information with market context.
This offering presents a residential build opportunity consisting of five separate lots: 2929, 2937, 2943, 2949, and 2957 E Vernor Highway, sold together and not separately. The property is marketed as land for new residential development, with buyers directed to review proposal guidelines for new-build opportunities.
The combined lots are listed for 2949 East Vernor Highway in Detroit, MI 48207, and are part of the DLBA’s process for development.
Please note the DLBA is entitled to a tax capture for the five tax years following transfer of ownership. The tax capture may be incompatible with tax abatements that might otherwise be available to a chosen purchaser, and DLBA reviews requests to waive its tax capture rights and may require a payment in lieu of taxes, determined based on the development proforma and the effect of any tax abatement on purchase and development financing.
The combined lots are listed for 2949 East Vernor Highway in Detroit, MI 48207, and are part of the DLBA’s process for development.
Please note the DLBA is entitled to a tax capture for the five tax years following transfer of ownership. The tax capture may be incompatible with tax abatements that might otherwise be available to a chosen purchaser, and DLBA reviews requests to waive its tax capture rights and may require a payment in lieu of taxes, determined based on the development proforma and the effect of any tax abatement on purchase and development financing.
Key Highlights
- Sale includes five residential lots on E Vernor Highway: 2929, 2937, 2943, 2949, and 2957 E Vernor
- Lots are not sold separately; purchase is for all included parcels together
- Total price for all included lots is $42,500
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
925
Businesses Nearby
Explore this area
Business Placement
Demographics for 48207, MI
21,704
Population
13,026
Households
1.7
Avg Household Size
42
Median Age
35%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
3,445
Density / Sq Mi
$44,561
Median Household Income
$43,377
Median Earnings
$1,040
Median Rent
$193,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Sale includes five residential lots on E Vernor Highway and is not offered as individual parcels.
Where is this residential land & home lot located?
The property is located at 2949 East Vernor Highway Detroit, MI.
What is the asking price?
The asking price for this property is $42,500.
What are key features of this property?
This property features: Sale includes five residential lots on E Vernor Highway: 2929, 2937, 2943, 2949, and 2957 E Vernor; Lots are not sold separately; purchase is for all included parcels together; Total price for all included lots is $42,500
