Detroit Land Bank Vacant
For Sale
Contact for pricing
540 Concord Street, Detroit, MI 48207
LAND - Detroit, MI
Property SizeContact for details
Lot Size0.08 Acres
Days on Market155
Property Features for 540 Concord Street
General Information
Property type
Land
Property subtype
Other
Zoning
Commercial,Multiple,Resid
Subdivision
Walker & Coopers
Elementary school district
Detroit
Middle school district
Detroit
High school district
Detroit
Directions
N of Lafeyette and W of E Grand Blvd
Standard status
Active
APN
W15I010641S
Lot size
0.08 Acres
Taxes and HOA fees
Tax Description
E CONCORD S 33 FT OF W 107.64 FT OF 6 LYG E & ADJ CONCORD 66 FT WD WALKER & COOPERS SUB L1 P195 PLATS, W C R 15/16 33 X 107.64
Legal Description
E CONCORD S 33 FT OF W 107.64 FT OF 6 LYG E & ADJ CONCORD 66 FT WD WALKER & COOPERS SUB L1 P195 PLATS, W C R 15/16 33 X 107.64
Listing Agency:
Keller Williams Realty-Great Lakes
(586) 541-4000
Listed By:
Erick Monzo
(586) 541-4000
Added: Mar 11
Changed: May 13
Last Checked: Aug 12 at 8:06AM
MLS# 20261012571
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.
Investment Insights
Based on property information with market context.
This bundled package includes four congruent lots totaling 14,256 sq ft, or approximately 0.33 acres. The vacant lots offer space for expansion or new construction. Located in a growing area, this is an opportunity to acquire multiple properties. Interested buyers must submit a proposal that includes a project proposal with intended use and timeline, proof of funds, scope of work with a breakdown of renovation costs, and proof of previous projects including addresses and photos. The Detroit Land Bank Authority (DLBA) is seeking proposals for small- to medium-scale infill development to increase housing supply, restore the urban fabric, and improve density and walkability. Interested buyers should consult the proposal guidelines for new build opportunities and review relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. The DLBA is entitled to a tax capture for the five tax years subsequent to transferring ownership of the property, which may be incompatible with tax abatements. The DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests.
Key Highlights
- Large bundled package: 4 congruent vacant lots totaling 14,256 sq ft (0.33 acres) for expansion or new construction.
- Priced at $40,000 for all 4 lots, offering a significant investment opportunity.
- Located in a growing area with endless development possibilities.
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 - Four congruent lots totaling 14,256 sq ft in Detroit.
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: Large bundled package: **4 congruent vacant lots totaling 14,256 sq ft (0.33 acres) for expansion or new construction.**; Priced at $40,000 for all 4 lots, offering a significant investment opportunity.; Located in a growing area with endless development possibilities.
