Detroit, MI 48207,1920 Gratiot Avenue
Detroit, MI 48207,1920 Gratiot Avenue
Detroit, MI 48207,1920 Gratiot Avenue
6
$2,750,000
$3,602,200
23.7%
Est.Price: ?

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4.34 Acres Lot

1920 Gratiot Avenue Detroit, MI 48207

Est. payment /mo
SOLD DATE : 12/16/2024

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Key Details

Sold Price $2,750,000

Property Type Vacant Land

Sub Type Vacant Land

Listing Status Sold

Purchase Type For Sale

Subdivision Mi

MLS Listing ID 60314288

Sold Date 12/16/24

Style Vacant Land

Annual Tax Amount $5,413

Lot Size 4.340 Acres

Acres 4.34

Lot Dimensions 920x205

Property Description

This 4.34 acre parcel of vacant land at the entrance to Eastern Market and Downtown is bounded by Gratiot Ave, St. Aubin, and the Dequindre Cut Greenway. This strategically located parcel is connected to surrounding neighborhoods via a direct path to the Dequindre Cut, a two-mile, urban recreational pathway, and by extension, the Detroit Riverwalk. 1920 & 1940 Gratiot lend themselves to a phased development, or two separate developments, and could be sold separately or together at $830,000 per acre. This site provides an excellent opportunity to address the unmet demand for housing in this area of the city.

Location

State MI

County Wayne

Area Detroit (82001)

Zoning Commercial,Multi-Family,Professional Office

Building

Water Public Water

Schools

School District Detroit City School District

Others

Ownership Private

Acceptable Financing Cash

Listing Terms Cash

Financing Cash,Conventional

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MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Listed by O'Connor Realty Detroit, LLC
Bought with MBA Real Estate Services

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David Wietecha

Agent | License ID: 6501453131

+1(586) 722-6737

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