1521 Lysander StDetroit, MI 48208

For Sale
$450,000
12 Townhouse Lots, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional 0.48-acre land parcel, located at 1521 Lysander St, Detroit, MI 48208 (APN 08005873-5), presents a unique investment opportunity in a rapidly developing area of Midtown Detroit. Zoned for residential/condo development, this fee simple property offers twelve buildable lots, totaling approximately 21,090 square feet. The land is priced at $450,000, or $21.34 per square foot, reflecting the current market value in this highly sought-after neighborhood. Situated next to recently constructed townhouses, this site benefits from its proximity to existing development and established infrastructure. The property's location in Midtown Detroit offers significant potential for appreciation, given the area's ongoing revitalization and increasing property values. This is an ideal opportunity for developers seeking to capitalize on the strong demand for residential units in this vibrant and up-and-coming community. Wayne County location provides access to various amenities and transportation networks. This is a prime opportunity to build a thriving townhouse community in a rapidly growing area.

Highlights

  • 0.48-acre land parcel in Midtown Detroit, ideal for residential/condo development.
  • Twelve buildable lots totaling approximately 21,090 square feet.
  • Priced at $450,000 ($21.34/sq ft), reflecting current market value.
  • Located near recently constructed townhouses, in a rapidly developing area with established infrastructure.
  • APN 08005873-5.

Property Details for 1521 Lysander St

Property type
Land
Lot Size (sq. ft)
20,909 SF

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.3486536
Longitude
-83.0770272
1521 Lysander St, Detroit, Michigan

FAQs

What type of property is this?
Land - 12 Townhouse Lots, Prime Location
Where is the land located?
The property is located at 1521 Lysander St Detroit, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 0.48-acre land parcel in Midtown Detroit, ideal for residential/condo development.; Twelve buildable lots totaling approximately 21,090 square feet.; Priced at $450,000 ($21.34/sq ft), reflecting current market value.
How can I contact the broker?
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1521 Lysander St
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