1547 Elm Street Detroit MI 48216 MLS #20261034820

1547 Elm Street
Detroit, MI, 48216
$25,000
Beds
0 Baths
0 SqFt
0.16 Acres
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MLS #20261034820 image #0
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.

Property Details

Price:
$25,000
MLS #:
20261034820
Status:
Active
Beds:
0
Baths:
0
Type:
Land
Subtype:
ImprovedLand
Subdivision:
MC KEOWNS SUB
Neighborhood:
area05101detsouthofgrandriver
Listed Date:
May 19, 2026
Short SaleArea05101detsouthofgrandriverArea05101detsouthofgrandriverMc Keowns SubDetroit

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School District:
Detroit

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Taxes
$2

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Subdivisions in Detroit

Market Summary

Current real estate data for Land in Detroit as of Jul 16, 2026
703
Land Listed
585
Avg DOM
$84,291
Avg List Price

Property Summary

    Located in the MC KEOWNS SUB subdivision, 1547 Elm Street Detroit MI is a Land for sale in Detroit, MI, 48216. It is listed for $25,000 and features 0 acres. To schedule a showing of MLS#20261034820 at 1547 Elm Street in Detroit, MI, contact your LoChirco Realty, LLC agent at 586-321-9997.

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