3523 Sheridan Street
Detroit, MI 48214
Unimproved Land · MLS # 20261090326 · Listing courtesy of Atlas Properties Inc
About this home
DLBA-owned vacant land offered through the Detroit Land Bank Authority (DLBA) Marketed Property Program. Offering includes two (2) contiguous residential parcels at **3523 Sheridan St and 3515 Sheridan St** in Detroit’s desirable **Islandview neighborhood**. **Both parcels must be sold together for a combined asking price of $20,000.** 3515 Sheridan measures approximately **32x100 (3,200 SF)** and 3523 Sheridan approximately **30x100 (3,000 SF)**, totaling approximately **6,200 SF (0.14 acre)**, Zoned Residential. Both properties will convey with **clear title**. Excellent opportunity for new construction, infill development, parcel assemblage, or long-term investment, subject to zoning and City approval. Conveniently located near E Grand Blvd, Mack Ave, and major Detroit thoroughfares. Buyer must submit a complete **DLBA proposal package**, including proposed use, development timeline, proof of funds, site plan/concept drawings, and documentation of prior development experience. Sale is subject to **DLBA approval and execution of a DLBA Development Agreement**. Properties sold **AS-IS**. Buyer to verify dimensions, zoning, buildability, utilities, taxes, and all information. **DLBA retains the right to tax recapture for five (5) years following transfer of ownership.** Certain tax abatements, lot combinations, parcel assemblages, or other property-related actions may require additional DLBA review and approval.
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
Property taxes for a new owner
A buyer who lives here would pay about $324 a year once the taxable value resets after the sale, at the 2025 homestead rate of 64.18 mills for Detroit City and Detroit schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.
Location
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