Medium-Density Residential Development
For Sale
$340,000
531 East Grand Boulevard, Detroit, MI 48207
0.80-acre parcel with R5 zoning and frontage on East Vernor Hwy and East Grand Blvd.
Property SizeContact for details
Days on Market1159
Property Features for 531 East Grand Boulevard
General Information
Standard status
Active
Property subtype
Land
Taxes and HOA fees
Annual Taxes
$569
Listing Agency:
Berkshire Hathaway HomeServices The Loft Warehouse
(313) 693-3741
Listed By:
Jerome Huez · License #6501368881
(313) 693-3741
Source:
Compass
Added: Jun 12, 2023
Changed: Aug 8
Last Checked: Jul 20 at 9:23AM
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 Berkshire Hathaway HomeServices The Loft Warehouse
Investment Insights
Based on property information with market context.
A single development parcel offering R5—Medium Density Residential zoning in Detroit’s Islandview neighborhood. The zoning permits development ranging from single-family detached dwellings to medium-density multiple-family dwellings, along with some commercial uses. The site is described as supporting either 16 townhomes or 30 apartments.
The property totals 0.80 acres and includes approximately 35,000 square feet, with about 146 feet of frontage on East Vernor Hwy and approximately 240 feet of frontage on East Grand Blvd. This listing notes the site is also part of a two-site package, which may be sold separately or bundled together, with the other site referenced as 365 E. Grand Blvd.
All information above is based on the provided remarks for parcel 531 E. Grand Boulevard.
The property totals 0.80 acres and includes approximately 35,000 square feet, with about 146 feet of frontage on East Vernor Hwy and approximately 240 feet of frontage on East Grand Blvd. This listing notes the site is also part of a two-site package, which may be sold separately or bundled together, with the other site referenced as 365 E. Grand Blvd.
All information above is based on the provided remarks for parcel 531 E. Grand Boulevard.
Key Highlights
- 0.80‑acre development site in Detroit’s Islandview neighborhood at 531 E. Grand
- R5 (Medium Density Residential) zoning allows single‑family detached through medium‑density multiple‑family dwellings, plus some commercial uses
- Zoned for an estimated 16 townhomes or 30 apartments development
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
97
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - 0.80-acre parcel with R5 zoning and frontage on East Vernor Hwy and East Grand Blvd.
Where is this residential land & home lot located?
The property is located at 531 East Grand Boulevard Detroit, MI.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: 0.80‑acre development site in Detroit’s Islandview neighborhood at 531 E. Grand; R5 (Medium Density Residential) zoning allows single‑family detached through medium‑density multiple‑family dwellings, plus some commercial uses; Zoned for an estimated 16 townhomes or 30 apartments development
