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$400,000
Est. payment /mo
5,662 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 20251012884
Annual Tax Amount $114
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 430x250
Source Realcomp
Property 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 unveiled 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 II 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. Includes 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. Highest and best. The Seller has received multiple offers on the property and will be conducting a Highest and Best process. All final offers are requested by Wednesday, July 15.
Location
State MI
County Wayne
Zoning Residential
Direction NE Corner Trumbull and Spruce
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID 08005950
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by O'Connor Realty Detroit, LLC
Nearby School & Business
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Nick Schweihofer
Team Leader, Broker License ID: 6506047709
Team Leader, Broker License ID: 6506047709
REVIEWS
- Nick did an awesome job in helping us find and purchase our condo. He listened to our wants and identified options and in the end we found a good fit for our needs for a vacation home Since we are far from Holland Nick set up a couple video tours to reduce travel. Thanks Nick for all the hard work and insight. We are very excited about our new home!Gordon L
- Nick was awesome to work with! I just went through the process of purchasing my first home and Nick couldn’t have made it any easier. He is super knowledgeable about the industry and the area. He answered all my questions and made sure to point out things I may not be thinking of since it was my first time going through the process. He was attentive, super responsive, easy to talk to, and truly cares about finding his clients a home they’ll love! I’m looking forward to working with him again in the future and would definitely recommend him as an agent!Emily Rzeszutko
- Nick was amazing to work with! This was my first time buying a house. Nick was very patient and took the time to walk me through everything and address all my questions. He was always quick to respond. He was clearly knowledgeable about the area and was great at pointing out and educating me on issues to watch for as we walked through houses. I absolutely recommend Nick to anyone buying or selling a home, and look forward to working with him again in the future!Kayla Kocal
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