4438 Grand River AveDetroit, MI 48208

Property Details for 4438 Grand River Ave

Lot size

0.20 AC

Zone code

B4

Property type

Commercial land

APN

08001155-6

APU

80011556

Description

This exceptional offering presents three distinct parcels of vacant land in Detroit's vibrant Woodbridge neighborhood. The properties, located along Grand River Avenue between Forest and Calumet, range in size from 0.78 to 3.78 acres. Their strategic location offers unparalleled proximity to downtown Detroit and Wayne State University, enhancing their development potential. The site is adjacent to a recently completed $19.57 million, 60-unit mixed-income residential development at 4401 Rosa Parks, indicating a strong commitment to neighborhood revitalization. The land is zoned SD-1, encouraging a mix of small-scale, pedestrian-oriented uses compatible with a neighborhood setting. This zoning promotes transit and non-motorized transportation, with reduced parking requirements in certain circumstances. Shared parking is encouraged, and establishments serving alcohol on-premises are permitted without spacing restrictions to stimulate pedestrian activity. The rich history of Woodbridge, dating back to the 1870s, combined with its modern development, creates a unique opportunity. Furthermore, a potential buyer could explore acquiring additional adjacent city-owned parcels and unutilized streets and alleyways, expanding the development footprint. The asking price for this portfolio is $390,000. This is a rare chance to acquire prime land in a rapidly evolving and desirable area of Detroit.

• Alternative Use

  Use

  Valuation

  Residential

  $2,074,007

  Hospitality

  $1,899,780

  Educational

  $1,580,594

  Medical

  $1,634,953

  Retail

  $2,458,702

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.3464

Longitude

-83.083

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].