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2421 3rd, 
Highland Park, MI 48201

$817,049


Bed


Bath


-

Sq Ft


0.17

Acres (Lot)


Land

Active

Listed by

Rashad Elabed

Jna Real Estate

248-648-0484

Last updated:

June 21, 2025, 02:47 PM

MLS#

60405559

Source:

MI REALSOURCE

About This Land

2421 3rd

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.

Land Facts

Description/Design:

Land

Lot Size (Acres)

0.17

MLS #:

60405559

Last Updated:

June 21, 2025, 02:47 PM

Added:

1 day(s) ago


Finances & Disclosures

Finances

Price:

$817,049

Source:MI REALSOURCE
The information being provided by MiRealSource, Inc. is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 MiRealSource, Inc. All rights reserved.

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Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.