$3,602,200
Est. payment /mo
4.34 Acres Lot
Pending
1920 Gratiot Avenue Detroit, MI 48207
UPDATED:
09/23/2024 01:46 PM
Key Details
Property Type Vacant Land
Listing Status Pending
Purchase Type For Sale
Subdivision Elmwood Park Urban Renewal Plat No 3 (Also P63-70)
MLS Listing ID 20240040227
Originating Board Realcomp II Ltd
Annual Tax Amount $5,413
Lot Size 4.340 Acres
Acres 4.34
Lot Dimensions 920x205
Property Description
This 4.34 acre parcel of vacant land at the entrance to Eastern Market and Downtown is bounded by Gratiot Ave, St. Aubin, and the Dequindre Cut Greenway. This strategically located parcel is connected to surrounding neighborhoods via a direct path to the Dequindre Cut, a two-mile, urban recreational pathway, and by extension, the Detroit Riverwalk. 1920 & 1940 Gratiot lend themselves to a phased development, or two separate developments, and could be sold separately or together at $830,000 per acre. This site provides an excellent opportunity to address the unmet demand for housing in this area of the city.
Location
State MI
County Wayne
Area Det Woodward-Mcclellan/So Mack
Zoning Commercial,Multi-Family,Office
Direction On the Dequindre cut greenway between Gratiot and St Aubin
Exterior
Waterfront no
Road Frontage Paved
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Schools
School District Detroit
Others
Tax ID 090013034
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
©2024 Realcomp II Ltd. Shareholders
Listed by Vincent Mazzola of O'Connor Realty Detroit, LLC