Development Land with Existing
For Sale
$817,049
2421 3rd Street, Detroit, MI 48201
Package includes a solidly built structure and nearly two acres of adjacent land across eight parcels sold together.
Property SizeContact for details
Lot Size2.00 Acres
Days on Market428
Property Features for 2421 3rd Street
General Information
Standard status
Active
Lot size
2.00 Acres
Property subtype
Commercial Lots & Land
Taxes and HOA fees
Annual Taxes
$13,074
Listing Agency:
JNA Real Estate
(734) 497-5558
Listed By:
Rashad Elabed · License #6501406301
(734) 497-5558
Source:
Carolbollo
Added: Jun 21, 2025
Changed: Aug 8
Last Checked: Aug 21 at 1:18PM
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 development land package includes a solidly built structure with a distinctive exterior, along with open, flexible interior spaces that can be adapted for redevelopment. The property also comes with a collection of adjacent parcels, totaling nearly two acres across eight parcels, all being sold together.
The assemblage is positioned across the street from the site of the planned University of Michigan Innovation Center and is less than a quarter mile from Wayne State University, placing the offering in the Midtown Detroit academic and innovation corridor.
For buyers evaluating redevelopment or new construction on a larger footprint, the included adjacent parcels provide flexibility for expanded planning within a single acquisition.
The assemblage is positioned across the street from the site of the planned University of Michigan Innovation Center and is less than a quarter mile from Wayne State University, placing the offering in the Midtown Detroit academic and innovation corridor.
For buyers evaluating redevelopment or new construction on a larger footprint, the included adjacent parcels provide flexibility for expanded planning within a single acquisition.
Key Highlights
- Midtown Detroit development/investment package offered as a package for $8.9 million
- Nearly 2 acres of adjacent land included, made up of 8 parcels sold together
- Property is directly across the street from the site of the new University of Michigan Innovation Center
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,399
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Commercial land - Package includes a solidly built structure and nearly two acres of adjacent land across eight parcels sold together.
Where is this commercial land located?
The property is located at 2421 3rd Street Detroit, 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: Midtown Detroit development/investment package offered as a package for $8.9 million; Nearly 2 acres of adjacent land included, made up of 8 parcels sold together; Property is directly across the street from the site of the new University of Michigan Innovation Center
