1601 Leverette St Detroit, MI 48216

This vacant land parcel, located at 1601 Leverette St, Detroit, MI 48216, presents a remarkable redevelopment opportunity in the thriving Corktown neighborhood. The property boasts a prominent corner location with over 130 feet of frontage on Tenth Street and 65 feet on Leverette Street. Situated within a billion dollars' worth of new developments, this site offers unparalleled access to the revitalized area. Its proximity to the Michigan Central Station, undergoing a $350 million renovation by Ford Motor Company, is a key advantage. Ford's Corktown campus expansion is projected to bring over 5,000 new jobs and a demand for 1,100 new residential units, creating significant potential for future rental and sale prices. Just three blocks away, the upcoming Godfrey Hotel will add 200+ boutique rooms, further enhancing the neighborhood's appeal. Corktown's vibrant atmosphere, with its diverse mix of restaurants, shops, coffee shops, and bars, makes this an exceptional location for a multifamily development project. This is a chance to capitalize on the explosive growth and high demand in one of Detroit's most desirable and walkable neighborhoods. The asking price for this commercial and residential land is $549,900.