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1571 Sycamore Street Detroit, MI 48208
3,920 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261031152
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 34X115
Source Realcomp
Property Description
DLBA-owned vacant land offered through the Detroit Land Bank Authority (DLBA) Marketed Property Program. This offering includes two (2) residential parcels located at 1571 & 1577 Sycamore St in Detroit's North Corktown neighborhood. Properties must be sold together for a total purchase price of $26,000 ($13,000 each), presenting an excellent opportunity for new construction infill development in one of Detroit's most desirable and rapidly growing areas.The site includes:1571 Sycamore St: approximately 34' x 115'1577 Sycamore St: approximately 35' x 115'Combined, the parcels offer approximately 69 feet of frontage and 115 feet of depth, providing flexibility for single-family or potential multi-unit development (subject to zoning and City approval), consistent with neighborhood revitalization goals.The surrounding area features a strong mix of new construction, renovated homes, and active development, supporting high demand and long-term value. Located in North Corktown, the property is just minutes from Downtown Detroit, Corktown, Michigan Avenue corridor, and major employment centers, along with nearby parks, restaurants, and neighborhood amenities.Buyer must submit a complete DLBA proposal package including: project description with intended use and construction timeline, proof of funds (bank statement or lender letter), site plan or concept drawings, and documentation of prior similar projects (addresses and photos).Sale is contingent upon execution of a DLBA Development Agreement and compliance with all City of Detroit permitting and approval requirements. Property sold as-is.DLBA retains the right to tax recapture for five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests are reviewed on a case-by-case basis and may require payment in lieu of taxes subject to DLBA review of project financing and development pro forma.Buyers are encouraged to review applicable Neighborhood Framework
Location
State MI
County Wayne
Zoning Residential
Direction South of W Lafayette St / North of Fort St
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID W08I000855S
Acceptable Financing Cash
Listing Terms Cash
Listed by Atlas Properties Inc
Nearby Locations
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