1521 Lysander StDetroit, MI 48208
- Land
- 0.48 AC
Property Details for 1521 Lysander St
- Lot size
- 0.48 AC
- Property type
- Land
Description
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.
Location Insight
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Latitude
- 42.3487
- Longitude
- -83.077
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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