2421 3rd Street
Highland Park, MI 48201

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Description

Positioned in the dynamic heart of Midtown Detroit, represents a remarkable opportunity for development and investment. Offered as a package for $8.9 million, this property includes nearly 2 acres of adjacent land made up of 8 parcels—all to be sold together. This rare collection of properties offers enormous potential for future growth in one of Detroit's most desirable locations.Notably, this assemblage is situated directly across the street from the site of the new University of Michigan Innovation Center, which is being developed as a centerpiece of the upcoming U of M downtown Detroit campus. This exciting project is set to drive innovation, business activity, and create increased demand in the immediate area, making this property package an exceptional choice for visionary developers.The property itself features a solidly built structure with a distinctive exterior, highlighting the local architectural character. Inside, open and flexible spaces provide the perfect canvas for redevelopment—whether you envision upscale residential units, creative office space, or dynamic commercial concepts. Large floor plates, high ceilings, and excellent natural light create outstanding usability and design potential on a grand scale. The inclusion of 8 additional parcels opens doors for expansive new construction or transformative mixed-use development, offering flexibility for a wide range of projects.This development opportunity is further enhanced by its proximity to major Detroit institutions. In addition to the soon-to-open U of M Innovation Center across the street, Wayne State University is less than a quarter mile away, ensuring consistent activity from students and professionals. This is an extraordinary opportunity to acquire a central Midtown Detroit property bundled with close to 2 acres and 8 adjacent parcels—directly across from Detroit's newest university innovation center. Properties of this scale, quality, and opportunity are virtually unmatched.

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: 7405 sq ft lot
• Directions: Grand River, I75 Downtown Detroit Exit
• List Price Acre: 4806170.59
• Lot Size Area: 0.17
• Lot Size Square Feet: 7405
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Land
• Parcel Number: 04003622
• Road Frontage: 234
• Tax Annual Amount: 13074
• Tax Legal Description: W THIRD ALL THAT PT OF 6 THRU 1BLK 72 CASS FARM SUB L1 P173 PLATS, W C R 4/18 ALSO PT OF TRIANG PIECE OF JONES FARM LYG IN REAR OF SD LOTSALL LYG SW OF A LINE DESC AS BEG AT A PTE ON THE SE'LY LINE OF SD LOT 1 WHICH IS N 67D 07M 54S E 14.91 FT FROM T HE SLY COR OF SD LOT 1; TH N 29D 04M 54S W TO A PTE OF ENDING ON THE WLY LINE OF SD LOT 6 WHICH IS 3.14 FT FROM THE NWLY COR OF SD LOT 6 4/-- 7300 SQ