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$1,600,000
Est. payment /mo
5,662 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 60407777
Style Vacant Land
Annual Tax Amount $114
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 430x250
Property Sub-Type Vacant Land
Property Description
Prominently located in North Corktown, this 1.6-acre development site offers more than 248 feet of frontage along Trumbull Avenue. The property includes conceptual plans for an 80-unit apartment building and is ideally positioned within walking distance to Corktown and Ford's Michigan Central Station, which recently unveiled its transformative $740 million renovation. Ford's Corktown Campus is projected to bring over 5,000 new jobs to the area, creating demand for approximately 1,100 new residential units - making this an ideal opportunity for residential development. The seller has completed an ALTA survey, Phase I and II environmental assessments, and a Baseline Environmental Assessment (BEA). Additional adjacent parcels may be available through the Detroit Land Bank Authority, offering further potential for expansion. Includes Parcels: 2641 Trumbull, 2629 Trumbull, 2601 Trumbull, 1530 Pine, 1540 Pine, 1544 Pine, 1550 Pine, 1558 Pine, 1564 Pine, 1580 Pine, 1547 Spruce, 1549 Spruce, 1551 Spruce, 1563 Spruce, 1571 Spruce, 1577 Spruce. Landbank Parcels 2623 Trumbull, 2609 Trumbull, 1568 Pine
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Residential
Building
Water Public Water
Schools
School District Detroit City School District
Others
Ownership Private
Financing Cash,Conventional
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Listed by O'Connor Realty Detroit, LLC