2449 Grand River Avenue
Highland Park, MI 48201

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Description

A unique investment opportunity in the heart of Detroit—a property that stands at the intersection of rapid urban growth and the city's vibrant cultural pulse. This coveted address not only puts you in the midst of Detroit's most influential developments, but also offers unmatched access to the city's thriving business and entertainment core, making it an ideal asset for discerning investors seeking both legacy and long-term value. Strategically positioned, this property places you mere moments from some of Detroit's most significant attractions. Comerica Park is walking distance, drawing a steady stream of sports fans and visitors year-round, while the Detroit Institute of Arts—one of America's premier art museums—is a short journey, offering cultural allure right at your doorstep. The renowned Little Caesars Arena lies just a walking distance as well connecting you to major sporting events, concerts, and international shows, ensuring consistent foot traffic and an unbeatable location in Detroit's bustling entertainment district. THE NEW U OF M INOVATION CENTER OF DETROIT is being built across the street, rated positively for its commitment to excellence, highlighting the area's educational advantage and future growth potential. Dining and nightlife flourish nearby, with local favorites such as Grey Ghost Detroit and Sexy Steak Detroit less than one mile from your doorstep, offering a gourmet experience to attract a discerning clientele or future residents. With its prime location, a major artery through Detroit's core—this property boasts excellent visibility and accessibility, enhancing commercial success and tenant attraction. Whether you envision retail, multifamily, or mixed-use possibilities, you can capitalize on the transformative energy fueling Midtown and Downtown Detroit. The property's advantageous setting, surrounded by new developments and energetic revitalization efforts, ensures tremendous upside for both equity growth and consistent returns.

Features

• Property Type: Residential Lots & Land
• Sub Type: Residential Lots & Land
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48201
• Subdivision/Neighborhood: More Than One Sub Involved
• School District: Detroit
• Lot Size: 2178 sq ft lot
• Directions: Grand River, I75 Downtown Detroit Exit
• List Price Acre: 4646280
• Lot Size Area: 0.05
• Lot Size Square Feet: 2178
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Land
• Parcel Number: 04000500
• Tax Annual Amount: 472
• Tax Legal Description: S GRAND RIVER 8 BLK 72 CASS FARM SUB L1 P173 PLATS, W C R & THAT PT OF P C 247 LYG BETW E & W LINE OF LOT 8 EXTD SLY TO N LINE OF ALLEY 1ST S OF GRD RIVER 4/18 20 X 100