540 Concord Street, Detroit, MI 48207
Local realty services provided by:CENTURY 21 Curran & Oberski
540 Concord Street,Detroit, MI 48207
$10,000
- 0.08 Acres
- Lots / Land
- Active
Listed by: erick monzo
Office: keller williams realty-great lakes
MLS#:20261012571
Source:MI_REALCOMP
Price summary
- Price:$10,000
About this home
The newest offering from Detroit Land Bank Authority has incredible potential for investors and developers alike. This bundled package includes 4 congruent lots - totalling 14,256 sq ft or roughly 0.33 acres. The addresses (554 Concord, 540 Concord, 548 Concord, 534 Concord) are all to be sold together for a total list price of $40,000. These vacant lots provide space for expansion or new construction. Conveniently located in a growing area, this is a rare chance to acquire multiple properties with endless possibilities. Don't miss out on this lucrative investment—schedule your showing today! Please note that the DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests.
How to Apply: Interested buyers must submit a proposal that includes: 1. Project Proposal (intended use of structure + timeline) 2. Proof of Funds (bank statement or lender letter) 3. Scope of Work (breakdown of renovation costs) 4. proof of Previous Projects: (include addresses and photos). The DLBA is seeking proposals for small- to medium-scale infill development to increase housing supply, restore the urban fabric, and improve density and walkability. Interested buyers should consult the proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood....
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Home facts
- Listing ID #:20261012571
- Added:96 day(s) ago
- Updated:June 16, 2026 at 10:03 AM
Structure and exterior
- Lot area:0.08 Acres
Utilities
- Water:Water at Street
- Sewer:Sewer at Street
Finances and disclosures
- Price:$10,000
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