Active

2421 3rd Street

Highland Park, Michigan 48201

$817,049 $3,444/Mo

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Overview

0.17

Acre(Lot)

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 developer s. 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.

Property Details

Property Type : Vacant Land

Price : $817,049

AD Id : 65499397

MLS Id : 20251008824

Lot Size : 0.17 Acre(Lot)

County : Wayne

Subdivision: Saginaw Improv Co Add H

Map

What's Nearby

Nearby Areas

Features

Utility Features

Sewer: Public Sewer (Sewer-Sanitary)
Water

Public (Municipal)

Lot Information

Lot Size: 0.17 Lot Dimensions: 234x30 Frontage Feet: 234
Property Information

Subdivision: More Than One Sub Involved Financing: Cash,Contract,Conventional,Trade/Exchange,Warranty Deed

Listing Price Information

Original List Price: $817,049
Listing Information

Possession: At Close 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 FT

Tax Information

Annual Tax: $13,074 Parcel Number: 04003622
Possession

At Close
Legal Information

Legal Description: Section: 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 FT

Multi-Unit Information

Road Frontage: Paved

School Information

School District: Detroit
Utility Information

Water: Public (Municipal) Sewer: Public Sewer (Sewer-Sanitary)

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
2410 4th Street , Highland Park, MI, 48201	$904,864	--	--	--	0.18 Acre(Lot)
2402 4th Street , Highland Park, MI, 48201	$361,016	--	--	--	0.07 Acre(Lot)
2445 Grand River Avenue , Highland Park, MI, 48201	$232,314	--	--	--	0.05 Acre(Lot)
2449 Grand River Avenue , Highland Park, MI, 48201	$232,314	--	--	--	0.05 Acre(Lot)
850 W Fisher Freeway , Highland Park, MI, 48201	$102,451	--	--	--	0.02 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 06/16/2026 @ 11:29

MLS: 20251008824 LISTED BY: Rashad Elabed , JNA Real Estate 248-648-0484 SOURCE: Realcomp II Ltd