1525 taylor street, detroit, MI 48206

Development opportunity located in the desirable Virginia Park Community. This property is within walking distance to local restaurants, coffee shops, and ongoing neighborhood redevelopment. Surrounded by revitalization and conveniently located near major corridors, this is an excellent opportunity for an investor or buyer looking to renovate, redevelop, or hold in a growing area. Interested buyers must submit a complete proposal package for DLBA approval, including a project proposal, proof of funds, site plan or concept drawing, and proof of previous development experience. Sale is contingent upon execution of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after DLBA review of the development pro forma and financing.

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All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is 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. Listing By: Catina Willis of Next Level Realty & Investments

This listing last updated: Wed, January 28, 2026 at 10:59:37 AM EST

MIRealSource Listing Data Last Updated On Thursday, April 2 2026 at 2:39am