5203 16Th StDetroit, MI 48208

For Sale
$30,000
0.28-acre R2 zoned lot, build 1-2 family homes.

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional 0.28-acre vacant land parcel presents a remarkable opportunity for residential development in Detroit, Michigan. Located at 5203 16th Street, this corner lot is zoned R2, permitting the construction of one or two-family dwellings. Its prime location offers unparalleled convenience, situated just 600 feet from Grand River Avenue and a mere 0.3 miles from the I-94 freeway, ensuring effortless commutes and access to major thoroughfares. The property benefits from its proximity to the CHN and Cinnaire Housing community development initiatives, suggesting a vibrant and growing neighborhood. The asking price is $30,000, and all offers are being considered. This is an ideal investment for builders or developers seeking to capitalize on the burgeoning Detroit real estate market. The lot's size and zoning regulations provide flexibility for various residential projects, catering to diverse housing needs. The strategic location near key transportation arteries and community development projects further enhances its appeal and potential for strong returns. Wayne County, MI zip code 48208.

Highlights

  • 0.28-acre vacant lot zoned R2, allowing for one- or two-family dwellings.
  • Prime location, 600 feet from Grand River Avenue.
  • Less than 0.3 miles from I-94 freeway.

Property Details for 5203 16Th St

Property type
Land
Lot Size (sq. ft)
12,197 SF

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.350932049577
Longitude
-83.090499023295
5203 16Th St, Detroit, Michigan

FAQs

What type of property is this?
Land - 0.28-acre R2 zoned lot, build 1-2 family homes.
Where is the land located?
The property is located at 5203 16Th St Detroit, MI.
What is the asking price?
The asking price for this property is $30,000.
What are key features of this property?
This property features: 0.28-acre vacant lot zoned R2, allowing for one- or two-family dwellings.; Prime location, 600 feet from Grand River Avenue.; Less than 0.3 miles from I-94 freeway.
How can I contact the broker?
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5203 16Th St
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