Bundled Vacant Residential
For Sale
Contact for pricing
540 Concord Street, Detroit, MI 48207
Package of four vacant lots sold together for new construction or expansion under DLBA proposal requirements.
Property SizeContact for details
Lot Size0.33 Acres
Days on Market155
Property Features for 540 Concord Street
General Information
Standard status
Active
Lot size
0.33 Acres
Property subtype
Commercial Lots & Land
Listing Agency:
Keller Williams Realty-Great Lakes
(586) 210-3350
Listed By:
Erick Monzo
(586) 210-3350
Source:
Phgrealty
Added: Mar 11
Changed: Aug 8
Last Checked: Jul 21 at 6:32PM
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 For Sale package from the Detroit Land Bank Authority includes four congruent vacant residential lots, sold together. The combined offering totals 14,256 sq ft (approximately 0.33 acres) across 534, 540, 548, and 554 Concord addresses, providing space for expansion or new construction.
The DLBA’s entitlement includes a tax capture for the five tax years subsequent to transferring ownership. The tax capture may be incompatible with any available tax abatements; DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests.
Interested buyers must submit a proposal that includes a project proposal (intended use and timeline), proof of funds, a scope of work with a renovation cost breakdown, and proof of previous projects (including addresses and photos). The DLBA is seeking proposals for small- to medium-scale infill development.
The DLBA’s entitlement includes a tax capture for the five tax years subsequent to transferring ownership. The tax capture may be incompatible with any available tax abatements; DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests.
Interested buyers must submit a proposal that includes a project proposal (intended use and timeline), proof of funds, a scope of work with a renovation cost breakdown, and proof of previous projects (including addresses and photos). The DLBA is seeking proposals for small- to medium-scale infill development.
Key Highlights
- Package of 4 congruent vacant lots sold together: 534, 540, 548, and 554 Concord
- Total land area is 14,256 sq ft (about 0.33 acres) for the combined lot package
- DLBA notes it is entitled to tax capture for the 5 tax years after ownership transfer
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
447
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 - Package of four vacant lots sold together for new construction or expansion under DLBA proposal requirements.
Where is this residential land & home lot located?
The property is located at 540 Concord 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: Package of 4 congruent vacant lots sold together: 534, 540, 548, and 554 Concord; Total land area is 14,256 sq ft (about 0.33 acres) for the combined lot package; DLBA notes it is entitled to tax capture for the 5 tax years after ownership transfer
