20500 Schoolcraft

Detroit, MI

Detroit Land BankStructure

Detroit Land Bank doesn't publish asking prices — you make an offer or apply and they review it. Unpriced parcels often sell for less than comparable priced listings.

No source listing page — contact the land bank

Open Street View ↗

Location & enrichment

Property type: Structure
Flood zone: X
Lot size: —
Nearest metro: 10.8 mi
Nearest airport: 13.2 mi
Assessed value (county): —
Area median home value: $28,800
Area pop. trend (5yr): -21.6%
Area median rent: $729/mo
Owner-occupied: 30.3%
Rental vacancy: 20.9%

Not investment advice. Verify eligibility, price, and restrictions with the source listing before acting. Imagery is approximate (parcel centroid). Inventory checked July 22, 2026.

How to buy from the Detroit Land Bank

The Detroit Land Bank Authority sells move-in-ready and rehab homes through auctions and fixed-price Own It Now listings on buildingdetroit.org, and runs a separate side-lot program that sells vacant lots to adjacent neighbors at a deep discount.

Detroit Land Bank Authority profile →All Detroit Land Bank listings →How to buy land bank property in Michigan →

Quick deal check

Purchase priceRenovation budgetAfter-repair value

All-in $40,000 = 139% of ARV

Over budget for a flip

ARV starts from the area's median home value (Census) — replace it with real comps before acting. The 70% rule: flippers target purchase + rehab ≤ 70% of ARV. Not financial advice.

Buildability report

Buildability: no flags found · 4 of 5 checks run

See which checks flagged — flood, wetlands, slope, road access, and environmental proximity, with sources and dates. Unlock the full report with Pro

Nearby listed lots

1 more listed lot near this one — see them with Pro