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1547 Elm Street Detroit, MI $ 25,000
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1547 Elm Street
$ 25,000
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1547 Elm Street

Detroit, MI, 48216
$ 25,000
Baths0.0

Monthly Estimate*

$ 154

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Studio

Lots and Land for sale in Detroit, MI

for $25,000. The lot size is 0.16.

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.

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Lots and Land Active

Price

$ 25,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 2

Style

ImprovedLand

Lot Size

0.16

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20261034820
Features
General
Sewer PublicSewer SewerAtStreet
Possession AtClose
Garage Spaces 0.0
Property Subtype ImprovedLand
County Wayne
New Construction N
Property Type Land
HOA N
Attached Garage N
Subdivision Name MC KEOWNS SUB
Garage Y/N N
Status Active
Directions West Trumbull
City DetroitCity_Wayne
Senior Community Y/N N
High School District Detroit
Zoning Description Residential
MLS Area Area05101DetSouthOfGrandRiver
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 2.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 1
Expected Active Date 2026-05-19
Legal Description S ELM 91 E 20 FT OF 90 MC KEOWNS SUB L3 P50 PLATS W C R 8/43 60 X 115
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Exterior
Water Source Public WateratStreet
Spa N
Lot Dimensions 60X115
Lot Size Acres 0.16
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
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Internal Only
Street Number 1 1547
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* Excluded Features
List By
Catina Willis

Listing Agent

Next Level Realty & Investments

Broker

(734) 506-0076

Phone

Affordability Calculator

$154
Per Month
100%
0%
0%
Monthly Principal & Interest
$154
Monthly Property Taxes
$0
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
848539 Elementary School
848135 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/19/2026$25,000 Listed Price

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1547 Elm Street, Detroit, MI, 48216 is a Lots and Land for sale at $25,000 with a lot size of 0.16. 1547 Elm Street is a studio with 0.0 baths. The property's zip code is 48216 which is in Detroit, MI

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