1098 Waterman Street
Detroit, MI 48209

Tools & Resources:

Description

Buildable multi-family development opportunity in the rapidly growing Southwest Detroit corridor near the new Gordie Howe International Bridge. This vacant lot offers incredible potential for investors, builders, or developers looking to capitalize on one of Detroit's most transformative infrastructure projects. Zoned for multi-family use, the property is ideal for income-producing residential development in an area experiencing strong revitalization and demand for housing. Conveniently located near major freeways, international border access, downtown Detroit, and neighborhood restaurants, parks, and community amenities. With continued investment flowing into the surrounding area, this is a prime opportunity to secure land in a high-growth location poised for long-term value.

Features

• Property Type: Residential Lots & Land
• Sub Type: Multi Family
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48209
• School District: Detroit
• Lot Size: 6098 sq ft lot
• Cross Street: Army & Lafayette
• List Price Acre: 357142.86
• Lot Size Area: 0.14
• Lot Size Square Feet: 6098
• Lot Size Units: Acres
• Main Type: Land
• Parcel Number: 18008122.
• Possession: Close Of Escrow
• Road Frontage: 40
• SEV: 2200
• Sewer: Public Sewer
• Tax Annual Amount: 162
• Tax Legal Description: PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2029. E WATERMAN N 20 FT 14 S 20 FT 13 KAIERS SUB L28 P78 PLATS, W C R 18/265 40 X 157.50
• Tax Year: 2025
• Terms Available: Cash, Land Contract
• Township: Detroit City
• Util Availat Street: Electricity Available, Natural Gas Available
• Utilities: None, Electricity Available, Natural Gas Available
• Water Source: Public Water