$50,000
 $268 est/mo Sourced by Back At You

24720 Cherry Street,Dearborn, MI 48124

Dearborn, MI 48124

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Description

Great opportunity to acquire a city-owned, Residential-zoned (A) lot that is situated close to essential amenities. Perfect for single housing development, this property is offered as a cash-only, "as-is" sale with a requirement that the successful bidder commence construction within 24 months of closing and close within 90 days of the effective date of the purchase agreement. Per city policy, the property will remain on the market for a minimum of two (2) weeks prior to bid reviews; all offers are welcomed, though the city reserves the right to reject any bid. Buyer and buyer's agent to independently verify all measurements, zoning, flood zone status, and building code guidelines.

Details

MLS #61016079
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site53
Listing Provided BySunflower Realty LLC | Mariam Khalaf

Features

ZoningResidential
Acreage0.13

Other

List AorReal Comp

Taxes

Property1200

Area Information

StateMI
CountyWayne
CityDearborn
Zip Code48124
AreaDearborn (82093)
Community NameGeorgia Park Sub 1
Listing VS Median (in Georgia Park Sub 1)
Price:
$50,000
low | high
Med:
$239,900
100% of Average
On site:
53
low | high
Med:
132
40.151515151515% of Average
Sourced by Back At You

Market Activity 48124

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Learn More About This Property

StateMI
CountyWayne
CityDearborn
Zip Code48124
AreaDearborn (82093)
Community NameGeorgia Park Sub 1
Listing VS Median (in Georgia Park Sub 1)
Price:
$50,000
low | high
Med:
$239,900
100% of Average
On site:
53
low | high
Med:
132
40.151515151515% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $37K - $62K
sqft: 0 - 0
Listing Updated: August 26, 2026 at 5:43:37 PM PDT