# 516 Concord Street, Detroit, MI 48207

> **TL;DR:** land, $40,000. Est. $214/mo. Listed 1 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $40,000 |
| Lot Size | 3,920 sqft (0.09 acres) |
| Property Type | Land (Other) |
| Status | For Sale |
| Days on Market | 1 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $202 |
| Estimated Insurance | $12 |
| **Total** | **$214** |

## Property Highlights

- 0.09 acre lot

## Description

### Agent Description
This is a package listing 498,490,502,508 516 Concord - both properties must be sold together. Excellent opportunity to develop in a growing Detroit neighborhood. Vacant residential parcel with easy access to Midtown, Corktown, downtown Detroit, major employers, and neighborhood amenities. Located in an area experiencing continued residential investment and revitalization Purchaser to verify all measurements, zoning, and development requirements. DLBA Disclosure: DLBA 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 abatements 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.

## Location

- **Address:** 516 Concord Street, Detroit, MI 48207
- **County:** Wayne
- **Neighborhood:** Walker & Coopers
- **Coordinates:** 42.347546, -83.005732
- **Google Maps:** https://www.google.com/maps?q=42.347546,-83.005732

## Listing Agent

- **Name:** Erick Monzo
- **Brokerage:** Keller Williams Realty-Great Lakes
- **Phone:** 5862103350

## Primary Photo

![516 Concord Street - Primary Photo](http://lh.rdcpix.com/c1830895dffc4cb2de6e99df2a4d4611l-f490157616r.jpg)

*32 total photos available on [listing page](https://www.propertysimple.ai/listing/516-concord-street-detroit-mi-48207-61058710)*

---

**MLS#:** 20261058710 | **Updated:** 2026-08-01
**Source:** listhub

*Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/516-concord-street-detroit-mi-48207-61058710)

---

## Structured Data

```json
{
  "@context": "https://schema.org",
  "@type": "RealEstateListing",
  "name": "516 Concord Street, Detroit, MI 48207",
  "description": "This is a package listing 498,490,502,508 516 Concord - both properties must be sold together. Excellent opportunity to develop in a growing Detroit neighborhood. Vacant residential parcel with easy access to Midtown, Corktown, downtown Detroit, major employers, and neighborhood amenities. Located in an area experiencing continued residential investment and revitalization Purchaser to verify all measurements, zoning, and development requirements. DLBA Disclosure: DLBA is entitled to a tax captur",
  "url": "https://www.propertysimple.ai/listing/516-concord-street-detroit-mi-48207-61058710",
  "image": "http://lh.rdcpix.com/c1830895dffc4cb2de6e99df2a4d4611l-f490157616r.jpg",
  "datePosted": "2026-07-31",
  "price": 40000,
  "priceCurrency": "USD",
  "address": {
    "@type": "PostalAddress",
    "streetAddress": "516 Concord Street",
    "addressLocality": "Detroit",
    "addressRegion": "MI",
    "postalCode": "48207",
    "addressCountry": "US"
  },
  "geo": {
    "@type": "GeoCoordinates",
    "latitude": 42.347546,
    "longitude": -83.005732
  },
  "yearBuilt": null
}
```