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 development Property 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.
Property Details
Property Features
Listing Office:
Office Name: Berkshire Hathaway HomeServices The Loft Warehouse
Office Phone: (313) 658-6400
Listing Agent: Jerome Huez
Interior Features
Interior Information:
Basement: No
Exterior Features
Parking Information:
Attached Garage: No
Lot Features
Lot Information:
Lot: Corner Lot, Level
Lot Size: 0.80 Acres
Other
Directions Information:
Directions: East on Jefferson, Left on East Grand. Property is at the NW corner of E Grand and Vernor
Price Information
Listing Price Info
Price Summary:
List Price: $340,000
Tax Information:
Annual Amount: $798
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Detroit, MI.
This property is $254.9K more than the Median Sold Price in Detroit, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Realcomp II Ltd
MLS Number: #20221067147
Listing Office:
Office Name: Berkshire Hathaway HomeServices The Loft Warehouse
Office Phone: (313) 658-6400
Listing Agent: Jerome Huez
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Maybury Elementary School
4410 Porter St
Distance between this listing and this school0.52 miles
Public District Grades PK-5
1
/10
Roberto Clemente Learning Academy
1551 Beard St
Distance between this listing and this school1.64 miles
Public District Grades PK-5
2
/10
Academy of the Americas at Logan
3811 Cicotte St
Distance between this listing and this school1.64 miles
Public District Grades KG-3
Nearby Schools
5
/10
Clippert Academy
1981 McKinstry St
Distance between this listing and this school0.46 miles
Public District Grades 6-8
1
/10
Amelia Earhart Elementary-Middle School
1000 Scotten St
Distance between this listing and this school0.54 miles
Public District Grades PK-8
2
/10
Escuela Avancemos
2635 Howard St
Distance between this listing and this school0.75 miles
Public Charter Grades KG-7
Nearby Schools
3
/10
Western International High School
1500 Scotten St
Distance between this listing and this school0.33 miles
Public District Grades 9-12
1
/10
Covenant House Academy Detroit Southwest Site
1450 25th St
Distance between this listing and this school0.35 miles
Public Charter Grades 9-12
2
/10
Covenant House Academy Detroit Central Site
2959 Martin Luther King Jr Blvd
Distance between this listing and this school0.80 miles
The neighbors living near this home have an average income of $27,021. Most Detroit, MI residents have annual incomes less than $35k. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 531 E Grand Blvd
What is the listing price of this property?
The listing price of 531 E Grand Blvd property is $340,000.
What type of property is this?
The property 531 E Grand Blvd is land located in Detroit, Michigan, 48207.
Is this property for sale now?
Active Listing: 531 E Grand Blvd is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $798 (source: MLS/based on county public records data).
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This home is located at 531 E Grand Blvd in Detroit, MI and zip code 48207 in the Near West neighborhood. This home sits on a 0.80 acre lot. It has been listed on Rocket Homes since December 08, 2022 and is currently priced at $340,000.
Detroit, MI housing market in November 2024 saw over 94 listings sold above listed price, more than 55 sold at listed price and over 247 sold below. Between October 2024 and November 2024, Detroit, MI real estate market has seen increase in the number of listings by 2%. The median list price of listings available in November 2024 was $85,016, while the average time on the real estate market was 49 days.
From Rocket Homes Real Estate and based on county public records data.
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. 
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