1601 Leverette St Detroit, MI 48216
Corktown NeighborhoodEstimated payment $3,005/month
About This Lot
Exceptional development opportunity at 1601 Leverette St in the heart of Detroit’s iconic Corktown neighborhood, one of the city’s most vibrant and rapidly appreciating areas. This versatile parcel is zoned for both commercial and residential use, offering flexibility for a single-family home, multi-unit residential, or mixed-use project. Located within $1B of active and planned developments, including The Godfrey Hotel, and just steps from Ford’s Corktown Campus and Michigan Central Station, a transformative $350M redevelopment is expected to generate 5,000+ jobs and significant demand for new housing. Surrounded by new construction, restaurants, retail, and infrastructure investment, this site offers excellent visibility, strong long-term upside, and a rare chance to build in a high demand urban core with proven momentum.
Property Details
Property Type
- Land
Est. Annual Taxes
Lot Details
- 10,019 Sq Ft Lot
- Lot Dimensions are 130x81
- Property is zoned Commercial, Multi-Family, Multiple
Utilities
- Sewer in Street
Community Details
- Woodbridge Farm As Divided By Cmrs Also P147 Plt Subdivision
Listing and Financial Details
- Assessor Parcel Number W08I000413S
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,374 | $178,300 | $0 | $0 |
| 2024 | $8,305 | $178,300 | $0 | $0 |
| 2023 | $8,083 | $165,900 | $0 | $0 |
| 2022 | $12,259 | $145,100 | $0 | $0 |
| 2021 | $752 | $124,400 | $0 | $0 |
| 2020 | $752 | $103,700 | $0 | $0 |
| 2019 | $738 | $103,700 | $0 | $0 |
| 2018 | $627 | $10,400 | $0 | $0 |
| 2017 | $151 | $9,700 | $0 | $0 |
| 2016 | $704 | $14,000 | $0 | $0 |
| 2015 | $789 | $9,600 | $0 | $0 |
| 2013 | $764 | $9,563 | $0 | $0 |
| 2010 | -- | $9,563 | $5,945 | $3,618 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/05/2026 01/05/26 | For Sale | $429,900 | +25.5% | -- | |
| 07/12/2021 07/12/21 | Sold | $342,500 | -2.1% | -- | View Prior Sale |
| 05/27/2021 05/27/21 | Pending | -- | -- | -- | |
| 05/07/2021 05/07/21 | For Sale | $350,000 | -- | -- |
Source: Realcomp
MLS Number: 20261000435
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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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