For Sale
531 E GRAND BLVD, Detroit, MI 48207
$340,000
MLS # 20221067147 (Realcomp)
0.8 acres
1 / 6
Listing Description
We are pleased to offer a unique development site for sale in Detroit's Islandview neighborhood.Development Potential- Zoned R5 - Medium Density Residential. Allows "from the single-family detached dwelling to medium-density multiple-family dwellings" as well as some commercial uses.- 16 townhome or 30 apartment developmentProperty Description- 1 parcel: 531 E. Grand- 0.80 acres | 35,000sf- 146' frontage on East Vernor Hwy.- 240' frontage on East Grand Blvd.This site is also part fo a package that consists of two sites. Each can be sold separately or bundled together. See listing for 365 E. Grand Blvd. for the other site.
Source: SparkMLS
About this home
Asking $340,000.
Estimated annual property tax: $1,117, or about $93 monthly. 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 Size0.8 acres
Location
CityDetroit
Zip Code48207
CountyWayne
School DistrictDetroit
Sale & Financing
Listed12/7/2022
Terms AcceptedCash
Source: SparkMLS
Tax Information
Annual Tax$720
Tax Year2025
State Equalized Value$17,400
Assessed Value$17,400
Parcel #15008056-9
Source: Public Records
Legal Description
W E GRAND BLVD S 35FT 179, 180-183 LOTHROP EST CO LTD SUB L24 P21 PLATS, WCR 15/106 240.55 X 146.30
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Jerome Huez
Berkshire Hathaway HomeServices The Loft Warehouse
Frequently Asked Questions about 531 E GRAND BLVD, Detroit, MI 48207
What school district is 531 E GRAND BLVD, Detroit, MI 48207 in?
Per MLS# 20221067147, 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 531 E GRAND BLVD, Detroit, MI 48207?
Per MLS# 20221067147, the seller has indicated this property accepts the following financing types: Cash. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20221067147, the most recent reported annual property tax for 531 E GRAND BLVD, Detroit, MI 48207 is $569. 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 531 E GRAND BLVD, Detroit, MI 48207 eligible for USDA financing?
Per USDA Rural Development boundary data, 531 E GRAND BLVD, Detroit, MI 48207 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, 531 E GRAND BLVD, Detroit, MI 48207 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.
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Tax Estimate
$
Annual tax$1,117
Monthly$93
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
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Monthly payment$2,298
Principal & interest$2,205
Property taxes$93
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
531 E GRAND BLVD, Detroit, MI 48207
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Neighborhood
Butzel
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Community
Detroit
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County
Wayne County
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