Bundled Residential Development
For Sale
Contact for pricing
554 Concord Street, Detroit, MI 48207
Vacant parcel package of four congruent lots available together for expansion or new construction.
Property SizeContact for details
Lot Size0.33 Acres
Days on Market154
Property Features for 554 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:
Carolbollo
Added: Mar 11
Changed: Aug 8
Last Checked: Jul 17 at 2:26AM
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 consists of four vacant, congruent residential lots sold together. The package includes addresses at 554 Concord, 540 Concord, 548 Concord, and 534 Concord, and provides land for expansion or new construction.
The Detroit Land Bank Authority is entitled to a tax capture for the five tax years subsequent to transferring ownership. DLBA notes that this tax capture may be incompatible with tax abatements otherwise available to the selected purchaser, and DLBA will review requests to waive tax capture rights, which may require a payment in lieu of taxes.
The DLBA is seeking proposals for small- to medium-scale infill development. Buyers are instructed to submit a proposal that includes a project proposal with intended use and timeline, proof of funds, a scope of work with renovation cost breakdowns, and proof of previous projects with addresses and photos. Interested buyers should also 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 neighborhood context.
The Detroit Land Bank Authority is entitled to a tax capture for the five tax years subsequent to transferring ownership. DLBA notes that this tax capture may be incompatible with tax abatements otherwise available to the selected purchaser, and DLBA will review requests to waive tax capture rights, which may require a payment in lieu of taxes.
The DLBA is seeking proposals for small- to medium-scale infill development. Buyers are instructed to submit a proposal that includes a project proposal with intended use and timeline, proof of funds, a scope of work with renovation cost breakdowns, and proof of previous projects with addresses and photos. Interested buyers should also 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 neighborhood context.
Key Highlights
- Vacant parcel package includes 4 congruent lots sold together: 534 Concord, 548 Concord, 540 Concord, and 554 Concord.
- Package totals 14,256 sq ft (about 0.33 acres) across the four lots.
- DLBA is seeking small- to medium‑scale infill development proposals for new construction or expansion.
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
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Vacant parcel package of four congruent lots available together for expansion or new construction.
Where is this residential land & home lot located?
The property is located at 554 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: Vacant parcel package includes 4 congruent lots sold together: 534 Concord, 548 Concord, 540 Concord, and 554 Concord.; Package totals 14,256 sq ft (about 0.33 acres) across the four lots.; DLBA is seeking small- to medium‑scale infill development proposals for new construction or expansion.
