Locate the Land. Parks & Recreation. Estimates of Detroit's vacant land range from a low of 24 square miles to a high of 40 square miles of abandoned land in the 139-square-mile city. There are a handful of ways to find vacant land to buy. First of all, you can call us at 866-281-6509 and we can help you find what you are looking for in Metro-Detroit | Charlotte | Raleigh. Joshua A Dillon. Call We Buy Houses Cash Detroit at 313-444-5173 to discuss the hidden expenses of owning vacant land in Detroit. Seller is seeking a qualified development team to design and construct a new multi-family affordable or mixed-income. Vacant Land For Sale Detroit, MI 48213. We Buy Houses in Detroit and the Metro Detroit suburbs for cash. Detroit, MI 48214. But what many people don’t realize is that investing in the vacant land has the potential for a greater ROI than more traditional real estate investing avenues. 6,780 SF, … Step 2. Zillow has 303 homes for sale in Detroit MI matching Vacant Land. Find out if there are new retail establishments coming to town, new houses being built, or if there are new roads being created. When selling your vacant land in Detroit, it is a good idea to consider selling with the help of professionals, whether it be a licensed real estate agent or a professional land buyer. Land & Lots for Sale in Detroit Looking to buy land & lots? It was a big help that you were able to buy it without us having to clean it out and get it ready to sell. Put your address and email below and answer 5 easy questions on the next page to get a cash offer in 24 hours! Detroit realtors are here to offer detailed information about vacant lots for sale and help you make an informed buying decision. We’d love to talk to you about how we can help. Am I looking to build on this land? Owner Financing – In most cases, banks and other lenders are fairly reluctant to lend money for the purchase of vacant land. VACANT LOT (3650 E VERNOR)IS INCLUDED IN DEAL. And that’s a shame, really, because there are many reasons why buying vacant land in Metro Detroit is a wise investment. Will you be able to request an exception? At the end of August, the city announced a modified process for people who want to buy land through the Detroit Land Bank Authority, which owns about 90,000 parcels in Detroit. Want to learn more about buying vacant land for investment in Detroit? 67. Working with a real estate professional might be ideal if you are new to buying vacant land, they know the tips and tricks of the trade. Architect Dan Kinkead is on the Detroit Works technical planning team. Looking for Detroit, MI land for sale? If so, what am I going to build? So you have the recurring passive income of rental properties without the many headaches. Call (313) 246-4551 To Sell Your House Fast! They aren’t making any more of it – for new neighborhoods or malls or whatever – so over the long haul it becomes more and more valuable. Phone: 1-844-BUY-DLBA ( TTY: 711 ) Hours: M-F 9am - 5pm Mail: communityrelations@detroitlandbank.org. “Thanks for buying my Mother’s home. There are a handful of ways to find vacant land to buy. Click here now to fill out the form or call (248) 905-1531 to speak to us. Careers; Resources. ready for someone to buy it and build on it. 5 Ways We Make it Easy to Sell Your House in Detroit, Buying Investment Real Estate in Detroit? First of all, you can call us at, Give We Buy Houses in Detroit a call today at. Employment. Make sure to look up the property taxes, if there are any open certificates and you purchase the property, the owner might be able to take the property back from you before the waiting period is over, typically 4 years. With traditional real estate investing, you generally have to deal with a lot of stiff competition for available properties at the right price. The most common misconception is that it just sits there and doesn’t actually produce income. We Buy Houses in Detroit and the Metro Detroit suburbs for cash. Youth Services. Does it have direct access to tap into the utility system? BedsAny1+2+3+4+5+ Use exact match Bathrooms Any1+1.5+2+3+4+ Home TypeHouses Manufactured Condos/co-ops Multi-family Apartments Lots/Land Townhomes Max HOA Homeowners Association (HOA)HOA fees are monthly or annual charges that cover the costs of maintaining and improving shared spaces. We specialize in working closely with homeowners to get rid of burdensome houses fast. And this opens the door for the landowner to provide owner financing to a buyer. Planning and Development Department. When it comes to real estate investing options, buying vacant land for investment in Detroit is a very compelling investment for many reasons. And this low bidding competition (demand) generally means lower prices – a huge advantage for you. **VACANT LAND** Detroit, Michigan is being revitalized!! If so, what am I going to build? We buy houses in ANY CONDITION! And that’s a shame, really, because there are many reasons why buying vacant land in Detroit is a wise investment. My mother had accumulated lots of stuff and after the stress of her long illness I was exhausted and I dreaded dealing with all of it. After many hours of research and poring over listings, you’ll then be bidding against many other investors vying for those very same properties. There are a handful of ways to find vacant land to buy. As a result, they are motivated to sell, usually for a very low price. You’ve found the vacant land you want to buy. This means that landowners don’t have the emotional attachment to the property that homeowners often do – an attachment that can drive the sale price up unreasonably. 7. This field is for validation purposes and should be left unchanged. Please contact the Listing Agent for more information. Thank you for being patient with my sister and me, for making the process simple, and for making us a decent offer instead of lowballing us like a lot of the other people that sent us letters did. We buy houses in ANY CONDITION! No realtors and no repairs necessary! This is a clean lot that is close to shopping, dining and the expressway!! We buy houses fast– for cash! So with land there is very little competition. Am I looking for commercial or residential land? Human Resources Department. Am I looking for commercial or residential land? There are also public auctions held by cities and counties in Michigan that frequently offer vacant land for sale, mostly due to unpaid taxes. “Dennis – thank you for helping us with our Mom’s home. Before buying vacant land in Detroit, Michigan, ask yourself: what is my goal with land? Think of it this way: it’s a safe place to park your extra cash and just watch it inexorably grow over the years. . SEO Powered By: SEO For Real Estate Investors LLC. Developed By Real Estate Investors For Real Estate Investors, © 2020 We Buy Houses in Detroit - Powered by Carrot. Inside 8 Mile Detroit. This was a very traumatic experience for us, and we appreciated your patience with all the emotions we experienced during the process. Compared to, say, buying, rehabbing, and flipping houses, buying and selling land is a breeze. Aaron Foley. SUBSCRIBE NOW $3 for 3 months. It’s not like that with vacant land, though. Locate the Land. Like us, follow us, connect! View More Listings » 4229 FISCHER Street. We specialize in working closely with homeowners to get rid of burdensome houses fast. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. When you mentioned that you would give us an offer within 24 hours and then close quickly. Co-ops … And you won’t have the hassle of dealing with tenants and their many problems and complaints. “Mr. The Detroit Land Bank Authority has traditionally sold vacant land to residents who live next door for $100. We pay CASH and you will not pay any commissions, agents, or fees. Parcels will be sold to approved applicants for $250. 5/20/14 10:12AM • Filed to: Inside 8 Mile. Northwest Detroit Development Opportunity - 1.4 Acres of Vacant Land near downtown Old Redford. Detroit realtors are here to offer detailed information about vacant lots for sale and help you make an informed buying decision. For those who cannot, or for anyone who wants to purchase on the lower end of the spectrum, there are still tens of thousands of vacant homes in the Detroit Land … $12,500. “Mr. Detroit, MI real estate are here to offer detailed information about vacant lots for sale and help you make an informed buying decision. With traditional real estate investing, you generally have to deal with a lot of stiff competition for available properties at the right price. You can work with a Realtor who has access to the multiple listing service, or MLS. Call us: (313) 246-4551. Do you plan to pay cash, or do you need a loan? Put your address and email below and answer 5 easy questions on the next page to get a cash offer in 24 hours! Now that you’ve purchased your land, what is your holding plan? No realtors and no repairs necessary! Obviously, the only reason for investing in anything is to make money. Fassett – thank you for working with us to buy my Mom’s home after she passed away. Are there any deed or usage restrictions or building requirements? Learn more about us and find other resources on selling your house below. Are there plans for utility expansion? Unlike with houses, you won’t have to do any remodeling, renovating, or refurbishing. No parks. When buying a piece of vacant land in Metro Detroit, you’ll want to be well versed in what is slated for the area in the future. Search the county records for the deed and ownership history. Locate the Land. $199,000. Water and Sewerage Department. Detroit, MI … When you mentioned that you would give us an offer within 24 hours and then close quickly. Check into the plat maps and any surveys available to make sure there are not any surprise easements you are unaware of. Office of the Chief Financial Officer. If no one buys them then, they either go to a second auction where the prices … “Thanks for buying my Mother’s home. DOBI Real Estate. Find lots for sale in Detroit, MI, save precious time and effort by finding nearby land for sale, see property details, photos and more. The Detroit Land Bank Authority (DLBA) owns and manages the publicly-owned residential property in Detroit and sells select vacant homes and residential side lots online. If these 4 reasons why buying vacant land is a wise investment in Detroit aren’t enough to convince you, just consider this: investing in vacant land can be one of the most effective and powerful strategies for building a real estate investment business. There are only a handful of banks that will loan on raw land, and they usually require a much larger down payment. 12 PHOTOS. That includes 19 square miles of purely empty land, five square miles of land with vacant residential structures, and another square mile of underutilized industrial land. Am I looking to build on this land? Like us, follow us, connect! 2655 ROSA PARKS Boulevard. They aren’t producing any income with it, just paying yearly property taxes. Learn more about us and find other resources on selling your house below. We buy houses fast– for cash! View comprehensive demographic data and compare side by side up to 4 vacant lots. Now it’s time to fund the closing! Find lots for sale in Detroit, MI with the cheapest land for sale starting from and going up to $1,950,000. Multi-Family – PROPERTY DESCRIPTION 4.74 acre prime multifamily development site. Fassett – thank you for working with us to buy my Mom’s home after she passed away. These properties include vacant commercial and industrial structures, vacant commercial and industrial-zoned land, and municipal properties which have been designated as surplus. If not, there will have to be legal paperwork done that takes time and costs extra money. Detroit, MI 48216. Look into the current and future zoning of the vacant land, will the municipality’s plans interfere with your own? Keep in mind, the faster you make a profit, the larger tax you may have to pay. “Thank you for making it simple to sell my parent’s home. Here are the steps to follow: Before buying vacant land in Detroit, Michigan, ask yourself: what is my goal with land? By definition, vacant land owners in Detroit are absentee landlords. 4.74 Acres. These answers will guide you to finding your ideal purchase. The first step in the process of buying, developing and profiting from vacant land in Metro-Detroit | Charlotte | Raleigh is to research! There are a handful of ways to find vacant land to buy. Vacant land is not only one of the most overlooked of all real estate investment opportunities, but it is also one of the least understood. Homeland Security & Emergency Management, Detroit. Why Land. You can also find properties for sale by owner on public posting boards online. HOA fees are common within condos and some single-family home neighborhoods. . Call us: (313) 246-4551. Compared to, say, buying, rehabbing, and flipping houses, buying and selling land is a breeze. There should be a nice, clean chain of owners from one to the next. Will I be reselling the land after my purchase? Depending on the location and zoning of your land, the taxes might be a few hundred dollars or a few thousand dollars. Buying vacant land might not be as expensive as purchasing a house, but don’t forget about the annual taxes! Locate the Land. J Dillon Realty. Detroit Land Bank Authority 500 Griswold Street Suite 1200 Detroit , MI 48226. I didn’t know what to do after three real estate agents told me they wouldn’t list it in the condition it was in. SEO Powered By: SEO For Real Estate Investors LLC. This was a very traumatic experience for us, and we appreciated your patience with all the emotions we experienced during the process. For many Detroit homes, the first auction price is just the amount of liens and taxes owed on the house. The median listing price of land in Detroit is $70,000. 5 Ways We Make it Easy to Sell Your House in Detroit, Buying Investment Real Estate in Detroit? Top 4 Reasons Why Buying Vacant Land in Metro Detroit Is a Wise Investment 1. Looking for Detroit, MI land for sale? If you have purchased vacant land and then want to sell it on an owner-finance basis, you can easily charge higher-than-market interest rates. 5 Ways To Position Yourself to Score Big in 2021, 5 Reasons Why You Should Consider Selling Your House Right Away in Detroit, 5 Ways Buying Investment Real Estate in Detroit Today, Will Benefit You in the Future, The Biggest Hurdles Real Estate Investors Face When Buying Property in Detroit. This field is for validation purposes and should be left unchanged. We pay CASH and you will not pay any commissions, agents, or fees. It is a lot more difficult to buy vacant land with a loan from a bank than it is to buy a building, residential or commercial. Before buying vacant land in Metro-Detroit | Charlotte | Raleigh, MI, NV, NC , ask yourself: what is my goal with land? Many people think investing in land – buying and selling – is a weak investment and that it is pointless or just plain old boring. The land just sits there . Charles A Siciliano. . No commissions – No closing costs – any situation. Is it on a canal? ready for someone to buy it and build on it. There are a handful of ways to find vacant land to buy. Great opportunity to buy a great parcel of land and build your own custom property to suit! Media Services Department. They can help you through the advertising and closing process. Of all the reasons why buying vacant land is a wise investment in Detroit, this one is often overlooked, but should actually have the most appeal to investors. Housing and Revitalization Department. It was a big help that you were able to buy it without us having to clean it out and get it ready to sell. First of all, you can call us … View comprehensive demographic data and compare side by side up to 4 vacant lots. First of all, you can call us … Surrounded by existing condominiums. It does not hurt to do your own research, just to double check. Will I be reselling the land after my purchase? Homes For Sale . When you say, “I need to sell my house fast,” call us. Am I looking for commercial or residential land? If so, what am I going to build? And you won’t have the hassle of dealing with tenants and their many problems and complaints. Words can’t express how emotional it was having to sell the house I grew up in. Law Department. The main reason is that if the borrower defaults, the bank will have a harder time re-selling the repossessed land than it would a house. I appreciate you being flexible with me and giving me time to remove the pictures and other valuables that my Mom had. “Thank you for making it simple to sell my parent’s home. 2.90 Acres, $100,000. My mother had accumulated lots of stuff and after the stress of her long illness I was exhausted and I dreaded dealing with all of it. Low Competition. Review the physical characteristics of the property, will it be large enough for your plans? These answers will guide you to finding your ideal purchase. Unlike with houses, you won’t have to do any remodeling, renovating, or refurbishing. How are you going to do that? No commissions – No closing costs – any situation. Long-term Benefits – With land, the principle of scarcity is observably in operation. Pension Department. 17 PHOTOS. Considering buying vacant land in Detroit? Am I looking to build on this land? The longer you hold it, the less capital gain tax you will have to pay, but keep in mind there are usually annual taxes and possibly owner’s association dues. “Thanks for buying my Mom’s house. In October, The Detroit News reports it will expand the parameters for who can buy, giving access to people throughout the neighborhood. Call (313) 246-4551 To Sell Your House Fast! Police Department . Detroit —The Detroit City Council on Tuesday approved the transfer of about 10,000 parcels of vacant city land to the Detroit Land Bank to be used for residents to … Find Detroit, MI land for sale at realtor.com®. Property TypeVacant Land GREAT PROPERTY FOR INFILL BUILDING LOCATED IN ELMWOOD PARK. The Detroit Land Bank Authority has traditionally sold vacant land to residents who live next door for $100. The company is also working with the Detroit Land Bank Authority to buy or lease 38 abandoned homes and about 140 vacant lots, with plans to … Concept plan showing 192 units. I appreciate you being flexible with me and giving me time to remove the pictures and other valuables that my Mom had. Step 2. I didn’t know what to do after three real estate agents told me they wouldn’t list it in the condition it was in. If you hold onto your vacant land … Browse land & lots in Detroit, Michigan Real Estate on MLive.com. Thank you for being patient with my sister and me, for making the process simple, and for making us a decent offer instead of lowballing us like a lot of the other people that sent us letters did. Further, the land is oftentimes costing the owners money. The desired project will be a 25-50-unit, medium density residential development. Vacant Land For Sale Detroit, MI 48207. The land just sits there . Municipal Parking Department. Of all the reasons why buying vacant land is a wise investment in Detroit, this one is often overlooked, but should actually have the most appeal to investors. 5257 HECLA. Real estate professionals have easy access to most sources of information for research on vacant land. When you say, “I need to sell my house fast,” call us. Check-in with the city planner to learn more about any planned construction for the area. … He says 25 is a good number to describe the city’s vacant land. “Dennis – thank you for helping us with our Mom’s home. Most investors are fixated on single- and multi-family housing and commercial properties, usually never even considering investing in vacant land. The Detroit Land Bank is an Equal Housing Opportunity Provider and does not discriminate in the sale, … Developed By Real Estate Investors For Real Estate Investors, © 2020 We Buy Houses in Detroit - Powered by Carrot. . Are you going to flip it right away, or will you hold it for a few years? Annual Cost. Looking for Detroit, MI land for sale? “Thanks for buying my Mom’s house. Vacant Land for sale in Detroit, Michigan, 2200042843 An awesome opportunity to develop land right in the Historic Island View/Greater Villages neighborhoods.This lot is sold in a bundle of 4 vacant lots with 2226,2242,2248 Van Dyke. There are two reasons: the power of owner financing and the long-term benefits. Soon You Can Buy Vacant Lots In Detroit For $100 Each. 5 Ways To Position Yourself to Score Big in 2021, 5 Reasons Why You Should Consider Selling Your House Right Away in Detroit, 5 Ways Buying Investment Real Estate in Detroit Today, Will Benefit You in the Future, The Biggest Hurdles Real Estate Investors Face When Buying Property in Detroit. Find lots for sale in Detroit, MI, save precious time and effort by finding nearby land for sale, see property details, photos and more. First of all, you can call us at (313) 246-4551 and we can help you find what you are looking for in Detroit. Another option would be to form a partnership to invest in vacant land, and you may form an agreement to pool your funds to buy a larger portfolio of land with larger returns! And buyers will often gladly accept a higher interest rate because they want the land and can’t get other financing. Is there an excessive amount of clearing that needs to be done? Words can’t express how emotional it was having to sell the house I grew up in. Vacant Land For Sale Detroit, MI 48207. Financing; FAQ; Helpful Links; Open House; Equal Housing Opportunity. Will I be reselling the land after my purchase? These answers will guide you to finding your ideal purchase. Reselling the land after my purchase about us and find other resources on selling your in! Deed or usage restrictions or BUILDING requirements considering investing in anything is to!... For validation purposes and should be left unchanged Michigan is being revitalized! guide you finding! It comes to Real Estate Investors for Real Estate filters to find the perfect place Housing and properties... No closing costs – any situation lot ( 3650 E VERNOR ) is INCLUDED in deal buying. Use our detailed Real Estate Investors LLC owner Financing – in most,! Phone: 1-844-BUY-DLBA ( TTY: 711 ) hours: M-F 9am - 5pm Mail: @. It for a few years then close quickly many headaches check into current. 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