Bundled Residential Development
For Sale
Contact for pricing
5161 Vermont Street, Detroit, MI 48208
Three contiguous residential lots are offered together in a Detroit neighborhood for new-build infill development planning.
Property SizeContact for details
Days on Market135
Property Features for 5161 Vermont Street
General Information
Standard status
Active
Property subtype
Land
Zoning
residential
Listing Agency:
Keller Williams Realty-Great Lakes
(586) 210-3350
Listed By:
Erick Monzo · License #6501330189
(586) 210-3350
Source:
Compass
Added: Mar 31
Changed: Aug 8
Last Checked: Jul 20 at 6:55PM
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 Keller Williams Realty-Great Lakes
Investment Insights
Based on property information with market context.
This offering includes three contiguous residential lots that must be purchased as a bundled package: 5175 Vermont, 5169 Vermont, and 5161 Vermont. The parcels are zoned residential, and the sale is structured around a renovation/development agreement and an application process requiring a complete proposal package.
A project proposal is required outlining intended use and timeline, along with proof of funds, a detailed scope of work with projected development costs, and documentation showing prior projects with addresses and photos. The transaction is contingent on execution of a DLBA Renovation/Development Agreement, and the Detroit Land Bank Authority is entitled to a five-year tax recapture following transfer of ownership.
Interested buyers should also note that waiver requests are reviewed case-by-case and may require a payment in lieu of taxes based on the development pro forma and financing.
A project proposal is required outlining intended use and timeline, along with proof of funds, a detailed scope of work with projected development costs, and documentation showing prior projects with addresses and photos. The transaction is contingent on execution of a DLBA Renovation/Development Agreement, and the Detroit Land Bank Authority is entitled to a five-year tax recapture following transfer of ownership.
Interested buyers should also note that waiver requests are reviewed case-by-case and may require a payment in lieu of taxes based on the development pro forma and financing.
Key Highlights
- Bundled package of 3 contiguous residential lots at 5175 Vermont, 5169 Vermont, and 5161 Vermont (must be purchased together).
- Lots are zoned residential for new‑build infill development planning.
- Sale is contingent on execution of a DLBA Renovation/Development Agreement.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,828
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 - Three contiguous residential lots are offered together in a Detroit neighborhood for new-build infill development planning.
Where is this residential land & home lot located?
The property is located at 5161 Vermont Street 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: Bundled package of 3 contiguous residential lots at 5175 Vermont, 5169 Vermont, and 5161 Vermont (must be purchased together).; Lots are zoned residential for new‑build infill development planning.; Sale is contingent on execution of a DLBA Renovation/Development Agreement.
