For Sale
530 S COLONIAL Street, Detroit, MI 48217
$598,800
MLS # 20230067949 (Realcomp)
1.82 acres
1 / 12
Listing Description
Huge almost 2 acre commercial lot, great location near commercial/industrial area, lot size is 360ft x 220ft, zoned M4 (heavy industrial), could possibly be developed into Gas Station, Retail Storefront, Medical Facility, Car Wash, Parking Structure, Medical Marijuana, Truck Repair Facility, along with many other possible uses, property is located near Marathon Gas Terminal, close to Major Highways, 1.82 acres, buyer & buyer's agent to verify all listing information, see city for exact zoning uses available, all data apx.
Source: SparkMLS
About this home
Asking $598,800.
Annual property taxes run approximately $2,259 ($188/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeLand
Bathrooms0
Lot Size1.82 acres
Location
CityDetroit
Zip Code48217
CountyWayne
School DistrictDetroit
Sale & Financing
Listed8/16/2023
Original Price$649,800
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$1,455
Tax Year2025
State Equalized Value$35,200
Assessed Value$35,200
Parcel #20016266.
Source: Public Records
Legal Description
Property exempt from Ad Valorem taxes and assessed pursuant to PA 261 of 2003 expiring 12/30/2010. N COLONIAL 407 THRU 418 REAR LOTS 501 THRU 512 AND VAC ALLEY ADJ OAKWOOD L13 P36 PLATS, W C R 20/401 360 X 220
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Bill M Darwich
Century 21 Curran & Oberski
Frequently Asked Questions about 530 S COLONIAL Street, Detroit, MI 48217
What school district is 530 S COLONIAL Street, Detroit, MI 48217 in?
Per MLS# 20230067949, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 530 S COLONIAL Street, Detroit, MI 48217?
Per MLS# 20230067949, the seller has indicated this property accepts the following financing types: Cash, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20230067949, the most recent reported annual property tax for 530 S COLONIAL Street, Detroit, MI 48217 is $1,195. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 530 S COLONIAL Street, Detroit, MI 48217 eligible for USDA financing?
Per USDA Rural Development boundary data, 530 S COLONIAL Street, Detroit, MI 48217 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 530 S COLONIAL Street, Detroit, MI 48217 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Wayne County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
Map
Tax Estimate
$
Annual tax$2,259
Monthly$188
Millage rate64.1844 mills
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
$
%
$
$
$
Monthly payment$4,072
Principal & interest$3,884
Property taxes$188
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
530 S COLONIAL Street, Detroit, MI 48217
View full property history →
Neighborhood
Boynton
View all listings →
Community
Detroit
Explore neighborhoods →
County
Wayne County
View county overview →
Get email alerts for new listings near 530 S COLONIAL Street
We'll notify you when something hits the market in Boynton or nearby.
Munro Real Estate · MI Broker #6502405404 · No spam, one-click unsubscribe.