GREAT LOCATION COMMERCIAL LOT FOR SALE - Bring your idea to life!!! This land is located minutes away from Dearborn, Downtown Detroit, Corktown, and Mexicantown! Lot size is 130.00X100.00. All offers need to include a plot plan showing how the buyer intends to activate the site. Please refer to the attached Plot Plan Instructions and DLBA proposal guidelines. Also, note that the Detroit Land Bank Authority 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. Payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing. BATVAI
Property Details
Property Features
Listing Office:
Office Name: Bellabay Realty Tri Counties
Office Phone: (248) 274-6614
Listing Agent: Natasha C Richards
Interior Features
Interior Information:
Basement: No
Exterior Features
Parking Information:
Attached Garage: No
Lot Features
Lot Information:
Lot Size: 0.30 Acres
Other
Directions Information:
Directions: N of Warren, W of Livernois
Price Information
Listing Price Info
Price Summary:
List Price: $30,000
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 $55K less 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: #20240024660
Listing Office:
Office Name: Bellabay Realty Tri Counties
Office Phone: (248) 274-6614
Listing Agent: Natasha C Richards
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.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$217
Per Month
Principal & Interest
$150
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$156
Powered By
NMLS#3030
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
5
/10
McDonald Elementary School
10151 Diversey St
Distance between this listing and this school0.91 miles
Public District Grades PK-5
2
/10
Barton Elementary School
8530 Joy Rd
Distance between this listing and this school1.22 miles
Public District Grades KG-5
7
/10
Iris Becker Elementary School
10821 Henson St
Distance between this listing and this school1.28 miles
Public District Grades PK-5
Nearby Schools
2
/10
Priest Elementary-Middle School
7840 Wagner St
Distance between this listing and this school0.55 miles
Public District Grades PK-8
2
/10
Munger Elementary-Middle School
5525 Martin St
Distance between this listing and this school0.68 miles
Public District Grades PK-8
1
/10
Sampson-Webber Leadership Academy
4700 Tireman St
Distance between this listing and this school1.35 miles
Public District Grades PK-8
Nearby Schools
3
/10
Universal Academy
4833 Ogden St
Distance between this listing and this school1.15 miles
Public Charter Grades KG-12
2
/10
Ser Metro Youthbuild Learning Academy
5200 Stecker St
Distance between this listing and this school1.32 miles
Public District Grades 9-12
4
/10
Voyageur College Preparatory
4366 Military St
Distance between this listing and this school1.42 miles
The neighbors living near this home have an average income of $40,550. The most common annual income of people living in Detroit, MI is between $35k-100k. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 7316 W Warren Ave
What is the listing price of this property?
The listing price of 7316 W Warren Ave property is $30,000.
What type of property is this?
The property 7316 W Warren Ave is land located in Detroit, Michigan, 48210.
Is this property for sale now?
Active Listing: 7316 W Warren Ave is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 7316 W Warren Ave in Detroit, MI and zip code 48210 in the Near West neighborhood. This home sits on a 0.30 acre lot. It has been listed on Rocket Homes since April 17, 2024 and is currently priced at $30,000.
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. The inventory of homes for sale in Detroit, MI between October 2024 and November 2024 increased by 2%. Listings spent 49 days on the market in November 2024, and had a median list price of $85,016 during the same period.
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. 
Mexican League Soccer
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Ross Dress For Less
Burlington
Foot Locker
Jack In The Box
White Castle
Little Caesars
Nissan
Kia
Dodge
Rhythmic Contemporary Hits
Urban Adult Contemporary