5203 16Th StDetroit, MI 48208

Property Details for 5203 16Th St

Year built

1900

Lot size

0.28 AC

Zone code

R2

Property type

Commercial land

APN

10006325.

APU

10006325

Description

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.

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.3511

Longitude

-83.0907

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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