$22,500

12052 American Street, Detroit, MI 48204

3 beds |
1 bath |
1,364 sqft

Single-Family Home
Built in 1918
3,920sqft lot
—— car garage
$16/sqft
Listed 13 days ago

Property Description

REDEVELOPMENT OPPORTUNITY NEAR OAKMAN BOULEVARD! Bring your vision to this spacious Detroit home offering an exciting opportunity for an investor, developer, or experienced rehabber. Featuring generous living space, original hardwood flooring, and plenty of potential for renovation and value creation, this property is ready for its next chapter. Conveniently located near the popular Oakman Boulevard corridor with easy access to major thoroughfares, neighborhood amenities, and surrounding Detroit communities. Property is being sold as-is with clean title. Buyer and buyer's agent to verify all measurements, property information, and redevelopment requirements. Interested buyers must submit a complete proposal package for DLBA approval, including a project proposal, proof of funds, site plan or concept drawing, and documentation of previous development experience. Sale is contingent upon execution of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a payment in lieu of taxes, as determined following DLBA review of the development pro forma and financing.

Listing Status:: Active
Date Added:: September 9, 2026
Data Last Updated:: September 23, 2026 at 7:45AM
Listing Office:: Next Level Realty & Investments : 734-506-0076
Listing Agent:: Catina Willis : 313-445-2825
MLS ID:: 61028759

Basement: Unfinished
Heating: Natural GasForced Air

Style: Colonial
Other Structures: Porch
Parking: Parking spaces: 0

General: BrickTwoBasement

Road/Access: Paved
Originating MLS: MiRealSource
School District: Detroit City School District
County: Wayne

Zoning: E AMERICAN 47 GREEN SUB L37 P31 PLATSWCR 16/238 35 X 108

Water: PublicPublic Water at Street
Sewer: Public At Street

Source: MiRealSource

This listing courtesy of Catina Willis , Next Level Realty & Investments

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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