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Executive Summary

Seller owned parcels 2641 Trumbull, 2629 Trumbull, 2601 Trumbull, 1530 Pine, 1540 Pine, 1544 Pine, 1550 Pine, 1558 Pine, 1564 Pine, 1580 Pine, 1547 Spruce, 1549 Spruce, 1551 Spruce, 1563 Spruce, 1571 Spruce, 1577 Spruce.
Landbank Parcels 2623 Trumbull, 2609 Trumbull, 1568 Pine

Property Facts

Price $400,000
Sale Type Investment
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units
  • Apartment Units - Condo
Total Lot Size 1.60 AC
Cross Streets Trumbull
Opportunity Zone Yes
Zoning R2 & R4

1 Lot Available

Lot

Price $400,000
Price Per AC $250,000.00
Lot Size 1.60 AC

Description

Prominently located in North Corktown, this 1.6-acre development site offers more than 248 feet of frontage along Trumbull Avenue. The property includes conceptual plans for an 80-unit apartment building and is ideally positioned within walking distance to Corktown and Ford's Michigan Central Station, which recently unvailed its transformative $740 million renovation. Ford's Corktown Campus is projected to bring over 5,000 new jobs to the area, creating demand for approximately 1,100 new residential units-making this an ideal opportunity for residential development. The seller has completed an ALTA survey, Phase I and Il environmental assessments, and a Baseline Environmental Assessment (BEA). Additional adjacent parcels may be available through the Detroit Land Bank Authority, offering further potential for expansion.

Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
  • Listing ID: 29338632

  • Date on Market: 8/22/2023

  • Last Updated:

  • Address: 2601-2641 Trumbull St, Detroit, MI 48216

Contact the Sale Advisor

2601-2641 Trumbull St - 1.6 Acres | North Corktown

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