Active

530 S Colonial Street

Detroit, Michigan 48217

$598,800 $2,524/Mo

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Overview

1.82

Acres(Lot)

Description

Huge almost 2 acre commercial lot, great location near commercial/industrial area, lot size is 360ft x 220ft, zoned M4 (heavy industrial), could possibly be developed into Gas Station, Retail Storefront, Medical Facility, Car Wash, Parking Structure, Medical Marijuana, Truck Repair Facility, along with many other possible uses, property is located near Marathon Gas Terminal, close to Major Highways, 1.82 acres, buyer & buyer's agent to verify all listing information, see city for exact zoning uses available, all data apx.

Property Details

Property Type : Vacant Land

Price : $598,800

AD Id : 51733081

MLS Id : 20230067949

Lot Size : 1.82 Acres(Lot)

County : Wayne

Subdivision: Oakwood Sub

Map

What's Nearby

Nearby Areas

Features

Utility Features

Sewer: Sewer (Sewer-Sanitary),Sewer at Street
Water

Public (Municipal),Water at Street

Lot Information

Lot Size: 1.82 Lot Dimensions: 360 x 220 Frontage Feet: 360
Property Information

Subdivision: OAKWOOD SUB Financing: Cash,Conventional

Listing Price Information

Original List Price: $649,800
Listing Information

Possession: At Close Legal Description: Property exempt from Ad Valorem taxes and assessed pursuant to PA 261 of 2003 expiring 12/30/2010. N COLONIAL 407 THRU 418 REAR LOTS 501 THRU 512 AND VAC ALLEY ADJ OAKWOOD L13 P36 PLATS, W C R 20/401 360 X 220

Tax Information

Annual Tax: $1,195 Parcel Number: 20016266.
Possession

At Close
Legal Information

Legal Description: Section: Property exempt from Ad Valorem taxes and assessed pursuant to PA 261 of 2003 expiring 12/30/2010. N COLONIAL 407 THRU 418 REAR LOTS 501 THRU 512 AND VAC ALLEY ADJ OAKWOOD L13 P36 PLATS, W C R 20/401 360 X 220

Multi-Unit Information

Road Frontage: Paved,Pub. Sidewalk

School Information

School District: Detroit
Utility Information

Water: Public (Municipal),Water at Street Sewer: Sewer (Sewer-Sanitary),Sewer at Street

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
26165 W Outer Drive , Detroit, MI, 48217	$45,000	--	--	--	0.10 Acre(Lot)
2580 S Schaefer Highway , Detroit, MI, 48217	$99,900	--	--	--	0.37 Acre(Lot)
769 S Liddesdale Street , Detroit, MI, 48217	$30,000	--	--	--	0.07 Acre(Lot)
2601 S Fort Street , Detroit, MI, 48217	$44,950	--	--	--	0.12 Acre(Lot)

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Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2026 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.

ByOwner last updated this listing 06/30/2026 @ 00:10

MLS: 20230067949 LISTED BY: Bill M Darwich , Century 21 Curran & Oberski 313-274-7200 SOURCE: Realcomp II Ltd