Residential Build Lot
For Sale
$42,500
2957 E Vernor Hwy, Detroit, MI 48207
For sale as a single bundle, five residential lots are included and not sold separately by DLBA.
Property SizeContact for details
Days on Market28
Property Features for 2957 E Vernor Hwy
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
Bellabay Realty Tri-Counties
(248) 274-6614
Listed By:
Natasha C Richards · License #6502385914
(248) 274-6614
Source:
Elliman
Added: Jul 16
Changed: Aug 8
Last Checked: Jul 16 at 7:09PM
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 includes five residential build lots sold together: 2957, 2949, 2943, 2937, and 2929 E. Vernor Hwy. The parcels are not sold separately as part of this sale, providing one combined purchase opportunity for a residential development plan.
The property is located in Detroit, Michigan (48207) along E. Vernor Hwy. Buyers are directed to review DLBA proposal guidelines for new build opportunities and to consult the City of Detroit Planning and Development Department Neighborhood Framework Plans for additional neighborhood context.
DLBA also notes that it is entitled to a tax capture for the five tax years following transfer of ownership. The tax capture may be incompatible with any tax abatement available to the selected purchaser, and DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes based on the development proforma and the effect of any tax abatement on purchase and development financing.
The property is located in Detroit, Michigan (48207) along E. Vernor Hwy. Buyers are directed to review DLBA proposal guidelines for new build opportunities and to consult the City of Detroit Planning and Development Department Neighborhood Framework Plans for additional neighborhood context.
DLBA also notes that it is entitled to a tax capture for the five tax years following transfer of ownership. The tax capture may be incompatible with any tax abatement available to the selected purchaser, and DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes based on the development proforma and the effect of any tax abatement on purchase and development financing.
Key Highlights
- Bundle sale includes five residential lots: 2957, 2949, 2943, 2937, and 2929 E. Vernor
- Lots are not sold separately; sale is for the five‑lot bundle only
- Total price for all five 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
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - For sale as a single bundle, five residential lots are included and not sold separately by DLBA.
Where is this residential land & home lot located?
The property is located at 2957 E Vernor Hwy 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: Bundle sale includes five residential lots: 2957, 2949, 2943, 2937, and 2929 E. Vernor; Lots are not sold separately; sale is for the five‑lot bundle only; Total price for all five lots is $42,500
