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Land Near Livernois Shopping
For Sale
$39,900

5406 Ivanhoe St, Detroit, MI 48204

Vacant lot near Livernois shopping, schools, and freeways.

Property Size5,550 SF
Days on Market112

Property Features for 5406 Ivanhoe St

General Information

Standard status Active
Size 5,550 SF
Property subtype Investment

Building Details

Building Size 5,550 SF
Year Built 1923
Units 4
Listing Agency: Bellabay Realty Tri-Counties
Listed By: Natasha C Richards · License #6502385914
Source: Elliman
Added: Apr 24 Changed: Aug 8 Last Checked: Jul 16 at 11:03AM

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 Bellabay Realty Tri-Counties

Investment Insights

Based on property information with market context.

This property includes a vacant lot located near the Livernois stretch, shopping areas, schools, and major freeways. The location offers some transit options with a transit score of 49, but is car-dependent with a walk score of 5. The bike score is 38, indicating it is somewhat bikeable. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Parking Lot & Garage Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

290
Businesses Nearby

Demographics for 48204, MI

21,738
Population
13,691
Households
1.6
Avg Household Size
37
Median Age
10%
College-Educated
83%
High-School Grad
5.0 sq mi
ZIP Area
4,348
Density / Sq Mi
$32,875
Median Household Income
$26,701
Median Earnings
$970
Median Rent
$53,600
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Vacant lot near Livernois shopping, schools, and freeways.
Where is this commercial land located?
The property is located at 5406 Ivanhoe St Detroit, MI.
What is the asking price?
The asking price for this property is $39,900.
More about this property
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