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.
Lot/land
$817,049
2421 3rd St, Detroit, MI 48201
--beds
--baths
7,405.2Square Feet
Land
Built in ----
7,405.2 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Open and flexible spacesSolidly built structureHigh ceilingsExcellent natural lightDistinctive exteriorLarge floor plates
- 55 days
- on Zillow |
- 79 |
- 3 |
Zillow last checked: 7 hours ago
Listing updated: July 02, 2025 at 02:02am
Listed by:
Rashad Elabed 734-497-5558,
JNA Real Estate 248-648-0484
Source: Realcomp II,MLS#: 20251008824

Travel times
Facts & features
Interior
Features
- Has basement: No
- Has fireplace: No
Property
Lot
- Size: 7,405.2 Square Feet
- Dimensions: 234 x 30
Details
- Parcel number: 04003622
- Zoning description: Commercial, HeavyIndustry, MultiFamily, Multiple
- Special conditions: Short Sale No,Standard
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: MORE THAN ONE SUB INVOLVED
Location
- Region: Detroit
Financial & listing details
- Tax assessed value: $101,600
- Annual tax amount: $13,074
- Date on market: 6/21/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Contract,Conventional,Trade 1031 Exchange,Warranty Deed
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