Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Land Bundle in Detroit Title is generated by Realmo AI

    3997 17TH Street, Detroit, MI 48208

    View on Map
    Claim this Listing
    For Sale
    $30,000

    LAND - Detroit, MI

    Lot size:
    0.10 Acres
    Added:
    Mar 6, 2026
    Days on Market:
    71
    Last Refresh:
    May 16 at 8:06 pm

    Property Features for 3997 17TH Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    W10I006976S
    Lot size
    0.10 Acres

    Taxes and HOA fees

    Tax Description
    W 17TH 608 ALEXANDRINE STANTONS SUB L5 P10 PLATS, W C R 10/86 30 X 150

    We can help!

    Listing Contact
    Leonard A Pickett III

    Listing agent Leonard A Pickett III License #6501306589

    Listing office RCH Brokerage Legacy Inc 21411 Civic Center Dr Ste 2200, Southfield, MI

    Listing date Mar 6, 2026

    MLS# 20261014569 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Bundle of 4 vacant lots totaling 9,887 sqft.
    • Opportunity for small- to medium‑scale infill development.
    • Aligned with DLBA's goal of increasing housing supply and restoring urban fabric.
    • Encourages density and walkability.
    • DLBA seeking proposals for new build opportunities.
    • Located in Detroit, MI.

    Overview

    This offering includes a vacant lot bundled with three additional parcels located at 2517, 2525 Poplar, and 4005 Bagley, Detroit, MI 48208. The combined area of the four lots totals 9,887 square feet. The properties are not available for individual sale. According to the Detroit Land Bank Authority (DLBA), the intended use is for small- to medium-scale infill development aimed at increasing housing supply, restoring the urban fabric, and enhancing density and walkability. Interested buyers are advised to consult the DLBA's proposal guidelines for new build opportunities and review relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional neighborhood context. Note that the DLBA is entitled to a tax capture for the five tax years following the property ownership transfer. This tax capture may not be compatible with other available tax abatements. The DLBA will consider requests to waive its tax capture rights and may require a payment in lieu of taxes, determined after reviewing the development proforma and the effect of any tax abatement on financing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.087038
    Latitude
    42.342327

    Nearby Similar for Sale

    • $399,999
      9,164 SF

      Detroit Office Building on Grand River

      Classic brick office building with value-add opportunity on high-traffic corridor.
      16625 Grand River Avenue, Detroit, MI 48227
      View Details
    • $389,900
      4,468 SF

      Established Auto Repair Shop For Sale

      Profitable, turnkey auto repair shop with real estate in Detroit.
      13118 Gratiot, Detroit, MI 48205
      View Details
    • $650,000
      8,576 SF

      Detroit Industrial Opportunity For Sale

      Versatile industrial property with income, ideal for investors/owner-users.
      13501 Auburn Street, Detroit, MI 48223
      View Details
    • $800,000
      9,050 SF

      Detroit Retail Center on Joy

      Eight-unit retail center with high visibility and value-add potential.
      10501 Joy Road, Detroit, MI 48204
      View Details
    • $800,000
      7,748 SF

      E Warren Retail Opportunity

      Value-add retail package on E. Warren Ave in Detroit.
      16830 E Warren Avenue, Detroit, MI 48224
      View Details
    • $335,000
      4,000 SF

      Detroit Commercial Property For Sale

      Versatile 4,000 sq. ft. commercial property in Detroit, MI.
      12712 Plymouth Road, Detroit, MI 48227
      View Details
    • $975,000
      2,100 SF

      Detroit Commercial/Industrial Logistics Hub

      1.82-acre site near Gordie Howe International Bridge.
      175 S Campbell, Detroit, MI 48209
      View Details
    • $720,000
      18,425 SF

      Detroit Industrial Property with Renovated Office

      Multi-parcel industrial property with renovated office space in Detroit.
      20210 Sherwood Street, Detroit, MI 48234
      View Details
    • $989,000
      6,108 SF

      Detroit Commercial/Industrial Multi-Use Property

      Versatile commercial and industrial property in Detroit, ideal for redevelopment.
      12700 Schaefer Highway, Detroit, MI 48227
      View Details
    • $449,000
      8,000 SF

      Turnkey Collision Repair Business

      Fully equipped collision repair shop with immediate earning potential.
      23524 E Fenkell Street, Detroit, MI 48223
      View Details
    • $350,000
      7,679 SF

      Detroit Commercial Building on Fenkell

      Spacious 8,000 SF commercial building in Detroit for sale.
      20650 Fenkell Avenue, Detroit, MI 48223
      View Details
    • $1,200,000
      6,508 SF

      Turnkey Auto Repair Facility

      6,500 SF auto repair facility on 8 Mile.
      10311 W 8 Mile Road, Detroit, MI 48221
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Four Detroit residential lots totaling 9,887 sqft for sale.
    Where is this residential land & home lot located?
    The property is located at 3997 17TH Street Detroit, MI.
    What is the asking price?
    The asking price for this property is $30,000.
    What are key features of this property?
    This property features: Bundle of 4 vacant lots totaling 9,887 sqft.; Opportunity for small- to medium‑scale infill development.; Aligned with DLBA's goal of increasing housing supply and restoring urban fabric.
    (248) 440-2268
    We can help!
    Listing Contact
    Leonard A Pickett III
    Real Estate License ID: 6501306589
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3997 17TH Street, Detroit, MI 48208
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!