Low-Density Residential Development
For Sale
Contact for pricing
Pending
1401 Seward Ave, Detroit, MI 48206
Zoned R3 for single-family, townhome, duplex, and conditional multifamily use, in a redevelopment-focused area.
Property SizeContact for details
Days on Market669
Property Features for 1401 Seward Ave
General Information
Standard status
Pending
Property subtype
Land
Zoning
R3
Listing Agency:
Summit Commercial LLC
Listed By:
Benjamin Smith · License #MI 6502390020
Source:
Crexi
Added: Oct 14, 2024
Changed: Aug 8
Last Checked: Apr 24 at 11:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Summit Commercial LLC
Investment Insights
Based on property information with market context.
This residential development parcel is zoned R3 Low Density Residential District. The zoning permits single-family, townhome, duplex, and multifamily housing types, with multifamily subject to a conditional use requirement if more than 50% of units are studios.
The property is centrally located in Virginia Park and is positioned close to major expressways, including M-10, I-75, and I-94. The area is also seeing redevelopment and investment, including the Future of Health development plan featuring new Henry Ford Hospital facilities, a Michigan State University medical research center, and over 600 units of new mixed-income housing.
Additional nearby investment noted includes Merrill Place, a new construction development that recently broke ground down the street and includes 27 units of mixed-income housing on a similarly sized site. The surrounding area is also described as being adjacent to major employment centers in New Center, with educational and institutional anchors including the College of Creative Studies and Wayne State University.
The property is centrally located in Virginia Park and is positioned close to major expressways, including M-10, I-75, and I-94. The area is also seeing redevelopment and investment, including the Future of Health development plan featuring new Henry Ford Hospital facilities, a Michigan State University medical research center, and over 600 units of new mixed-income housing.
Additional nearby investment noted includes Merrill Place, a new construction development that recently broke ground down the street and includes 27 units of mixed-income housing on a similarly sized site. The surrounding area is also described as being adjacent to major employment centers in New Center, with educational and institutional anchors including the College of Creative Studies and Wayne State University.
Key Highlights
- Zoned R3 Low Density Residential District, allowing single‑family, townhome, duplex, and multifamily (conditional use if more than 50% are studios).
- Located in an area with major redevelopment, including the $3 billion Future of Health plan with new Henry Ford Hospital facilities and over 600 new mixed‑income housing units.
- Adjacent to a major employment center in New Center and near educational/institutional anchors including Wayne State University and the College for Creative Studies.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
Explore this area
Business Placement
Demographics for 48206, MI
15,712
Population
10,784
Households
1.5
Avg Household Size
38
Median Age
24%
College-Educated
89%
High-School Grad
3.1 sq mi
ZIP Area
5,068
Density / Sq Mi
$43,702
Median Household Income
$36,674
Median Earnings
$923
Median Rent
$102,300
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Zoned R3 for single-family, townhome, duplex, and conditional multifamily use, in a redevelopment-focused area.
Where is this residential land & home lot located?
The property is located at 1401 Seward Ave Detroit, MI.
What are key features of this property?
This property features: Zoned R3 Low Density Residential District, allowing single‑family, townhome, duplex, and multifamily (conditional use if more than 50% are studios).; Located in an area with major redevelopment, including the $3 billion Future of Health plan with new Henry Ford Hospital facilities and over 600 new mixed‑income housing units.; Adjacent to a major employment center in New Center and near educational/institutional anchors including Wayne State University and the College for Creative Studies.
