$25,000

1547 Elm Street, Detroit, MI 48216

Land
Built in ——
6,970sqft lot
—— car garage
$——/sqft
Listed 1 day ago

Property Description

North Corktown development opportunity. Located a few minutes from Motor City Casino. This vacant parcel is owned by the Detroit Land Bank Authority (DLBA) through its Marketed Property Program. The property offers an opportunity for new construction and infill development, subject to zoning and City approvals. Interested buyers must submit a complete proposal package for DLBA approval, including a project proposal, proof of funds, site plan or concept drawing, and proof 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, determined after DLBA review of the development pro forma and financing. Buyer agent to confirm details. *Includes 1547 and 1559 Elm.

Listing Status:: Active
Data Last Updated:: May 21, 2026 at 3:43AM
Listing Office:: Next Level Realty & Investments : 7345060076
Listing Agent:: Catina Willis : 7345060076
MLS ID:: 20261034820

Road/Access: Paved
Originating MLS: Realcomp II Ltd
School District: Detroit
County: Wayne

Zoning: S ELM 91 E 20 FT OF 90 MC KEOWNS SUB L3 P50 PLATSW C R 8/43 60 X 115W08I000760S

Water: PublicWaterat street
Sewer: Public sewerSewer at street

Source: Realcomp II Ltd

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

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$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
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