885 E Grand Blvd Detroit, MI 48207
Property profile & analytics
885 E Grand Blvd Detroit, MI 48207
- Commercial land
- 0.27 lot acres
Property ID
US43-1037456
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial land
Property Details for 885 E Grand Blvd
- Lot size
- 0.27 lot acres
- Zone code
- R5
- Property type
- Commercial land
- APN
- 15007993.
- APU
- 15007993
Description
This exceptional commercial land parcel, located at 885 E Grand Blvd, Detroit, MI 48207, presents a unique distressed sale opportunity. Zoned R5, this property is ideally suited for small- to medium-scale infill development projects focused on increasing housing density and enhancing neighborhood walkability. Prospective buyers are encouraged to review the Detroit Land Bank Authority (DLBA) proposal guidelines for new build opportunities and relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for comprehensive neighborhood context. All offers must include Proof of Funds sufficient to cover development costs. It's important to note that the DLBA retains tax capture rights for five years post-sale, potentially impacting the availability of certain tax abatements. The DLBA will consider requests to waive these rights, potentially requiring a payment in lieu of taxes, determined by a review of the development proforma and the impact of any tax abatement on financing. Detailed DLBA requirements and offer submission information are available in attached documents. The asking price for this property is $23,658. Buyer to verify all information.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.0152
- Latitude
- 42.3667
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$0.00
$0.00
$0.00
$0.00
-
$0.00
$0.00
$0.00
