2421 3rd Street
HighlandPark, MI 48201
Map
- – beds
- – baths
- – sqft
- 7,405 sqft lot
- – on site
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.
Last checked:
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Last updated Jun 21, 2025
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MLS# 20251008824 —
The Building
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New Construction:false
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Basement:false
Interior
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Fireplace:false
Location
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Directions:Grand River, I75 Downtown Detroit Exit
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Cross Street:Grand River, I75 Downtown Detroit
The Property
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Parcel Number:04003622
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Property Type:Land
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Property Subtype:ImprovedLand
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Lot Size Acres:0.17
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Lot Size Dimensions:234x30
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Lot Size Units:Acres
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Zoning Description:Commercial,Heavy Industry,Multi-Family,Multiple
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Road Frontage Feet:234
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Road Frontage Type:Paved
Listing Agent
- Contact info:
- Agent phone:
- (734) 497-5558
- Office phone:
- (248) 648-0484
Taxes
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Tax Legal Description:W THIRD ALL THAT PT OF 6 THRU 1BLK 72 CASS FARM SUB L1 P173 PLATS, W C R 4/18 ALSO PT OF TRIANG PIECE OF JONES FARM LYG IN REAR OF SD LOTSALL LYG SW OF A LINE DESC AS BEG AT A PTE ON THE SE'LY LINE OF SD LOT 1 WHICH IS N 67D 07M 54S E 14.91 FT FROM T HE SLY COR OF SD LOT 1; TH N 29D 04M 54S W TO A PTE OF ENDING ON THE WLY LINE OF SD LOT 6 WHICH IS 3.14 FT FROM THE NWLY COR OF SD LOT 6 4/-- 7300 SQ FT
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Tax Assessed Value:101600
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Tax Annual Amount:13074.0
Heating & Cooling
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Heating:false
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Cooling:false
Utilities
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Sewer:PublicSewer
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Water Source:Public
Schools
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High School District:Detroit
The Community
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Subdivision Name:MORE THAN ONE SUB INVOLVED
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Senior Community:false
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Waterfront:false
Parking
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Garage:false
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Attached Garage:false
IDX provided courtesy of Realcomp II Ltd., via Estately and Realcomp II Ltd, © 2025 Realcomp II Ltd. Shareholders
Estately Inc. is a Michigan licensed brokerage #6505374810, managed by Michigan licensed REALTOR® broker Darren Yearsley #6505374810.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
IDX provided courtesy of Realcomp II Ltd. via Estately Inc. and REALCOMP. ©2025 Realcomp II Ltd. Shareholders.
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/20/25
Jun 20, 2025
|
Listed / Active | REALCOMP | $817,049 |
