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Commercial Land With Existing Structure
For Sale
$817,049

2421 3rd Street, Highland Park, MI 48201

Multi-parcel assemblage with open interior areas, high ceilings, and flexible redevelopment potential.

Property SizeContact for details
Days on Market47

Property Features for 2421 3rd Street

General Information

Standard status Active
Property subtype Land
Listing Agency: JNA Real Estate
Listed By: Rashad Elabed · License #6501406301
Source: Jimdehaan
Added: Jul 20 Changed: Aug 31 Last Checked: Sep 4 at 11:27AM

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 JNA Real Estate

Investment Insights

Based on property information with market context.

This commercial land offering combines nearly 2 acres across 8 parcels with an existing structure. The building includes open, adaptable interior areas, large floor plates, high ceilings, and abundant natural light, providing a substantial base for redevelopment or reuse. Its distinctive exterior reflects the architectural character of the surrounding area.

The assemblage is directly across the street from the University of Michigan Innovation Center site and less than a quarter mile from Wayne State University. The property’s scale, parcel configuration, and existing improvements support consideration of expansive construction or a broader mixed-use redevelopment concept.

Key Highlights

  • Nearly 2 acres assembled across 8 parcels
  • Existing structure with large floor plates and high ceilings
  • Open interior areas with abundant natural light

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Kitchen & Bath Showroom HVAC Service Carpet & Flooring Store Auto Parts Store Furniture & Home Goods (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,282
Businesses Nearby

Demographics for 48201, MI

14,500
Population
9,900
Households
1.5
Avg Household Size
33
Median Age
37%
College-Educated
88%
High-School Grad
1.9 sq mi
ZIP Area
7,632
Density / Sq Mi
$24,392
Median Household Income
$36,835
Median Earnings
$841
Median Rent
$401,500
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Multi-parcel assemblage with open interior areas, high ceilings, and flexible redevelopment potential.
Where is this commercial land located?
The property is located at 2421 3rd Street Highland Park, MI.
What is the asking price?
The asking price for this property is $817,049.
What are key features of this property?
This property features: Nearly 2 acres assembled across 8 parcels; Existing structure with large floor plates and high ceilings; Open interior areas with abundant natural light
More about this property
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