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5040 Fernwood Street

Detroit, Michigan 48204
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This is a land-based site. This vacant lot is sold with 5054,5060, 5066, and 5074 Fernwood. Totaling= 47,720 sqft. Not sold separately. Zoned R3. The DLBA is seeking proposals to support the activation and stewardship of vacant land sites, including urban agriculture, gardening, or beautification, whether for profit or community activation. Interested buyers should consult our proposal guidelines for land-based sites and DLBA Guide to Plot Plan, Site Design, and Maintenance. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. BATVAI. All offers must be supported by Proof of Funds (funds should meet or exceed development costs). Please 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. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing.

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Detail Ic Property Details

Property Type : Vacant Land

Price : $35,000

AD Id : 57290100

MLS Id : 20240040769

Lot Size : 0.00 sq ft lot

County : Wayne

Subdivision: John Tiremans Sub (plats)

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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
9650 W Jeffries Freeway , Detroit, MI, 48204 $20,000 -- -- -- 0.28 Acre(Lot)
8700 Grand River Avenue , Detroit, MI, 48204 $200,000 -- -- -- 0.32 Acre(Lot)
5585 Ridgewood Street , Detroit, MI, 48204 $5,000 -- -- -- 0.36 Acre(Lot)
8710 Heritage , Detroit, MI, 48204 $15,000 -- -- -- 0.41 Acre(Lot)
10224 Grand River Avenue , Detroit, MI, 48204 $200,000 -- -- -- 0.05 Acre(Lot)
8544 W Chicago , Detroit, MI, 48204 $7,500 -- -- -- 0.41 Acre(Lot)
10832 W Chicago , Detroit, MI, 48204 $40,000 -- -- -- 0.16 Acre(Lot)
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Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2026 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.

ByOwner last updated this listing 06/28/2026 @ 04:41

MLS: 20240040769 LISTED BY: Leonard A Pickett III , RCH Brokerage Legacy Inc 248-440-2268 SOURCE: Realcomp II Ltd

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