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2455 Grand River Ave Detroit, MI 48201

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For Sale
$3,190,988

Nearly 2-acre site near University of Michigan Innovation Center.

Lot size:
0.42 Acres

Property Features for 2455 Grand River Ave

General Information

Property type
Commercial
Standard status
Active
Lot size
0.42 Acres

Building Details

Year built
1920

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Listing Contact
Rashad Elabed
Source: Elliman

Listing Agency: JNA Real Estate Listing Agent: Rashad Elabed

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Prime Redevelopment Opportunity in Detroit

This premier redevelopment opportunity is located at 2455 Grand River Ave, Detroit, and includes seven additional, contiguous properties, creating a combined footprint of nearly 2 acres. The entire assemblage, including an extra building, is available. The site is positioned directly across from the new University of Michigan Innovation Center, which will be the centerpiece of the University of Michigan’s expanding downtown Detroit campus. This location offers maximum visibility, foot traffic, and direct access to one of Detroit’s dynamic neighborhoods. Existing zoning allows for redevelopment up to three stories, but there are no height restrictions. This property offers the chance to reshape Detroit’s skyline while capitalizing on city views and street activity. The location provides walkability and accessibility, and is located moments from the Detroit Institute of Arts, Comerica Park, restaurants, entertainment venues, and parks. The location ensures connectivity to downtown’s business district, public transit, and major highways, making it a choice for any ambitious project. This is an opportunity to lead Detroit’s next era of growth. The site allows for redevelopment up to three stories, but there are no height restrictions, allowing for a landmark residential, commercial, or mixed-use high-rise.
Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Detroit
County
Wayne
State
Michigan
Longitude
-83.0614755
Latitude
42.3371222

FAQs

What type of property is this?
Commercial land - Nearly 2-acre site near University of Michigan Innovation Center.
Where is this commercial land located?
The property is located at 2455 Grand River Ave Detroit, MI.
What is the asking price?
The asking price for this property is $3,190,988.
What are key features of this property?
This property features: - Premier redevelopment opportunity with a combined footprint of nearly 2 acres in downtown Detroit's growth corridor; - Located directly across from the new University of Michigan Innovation Center; - No height restrictions, allowing for a high-rise development
More about this property
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