$361,016

2402 4th St Detroit, MI 48201

Midtown Neighborhood

Estimated payment $2,074/month

Total Views 2,465
0.07 Acre
$5,157,371 Price per Acre
3,049 Sq Ft Lot

About This Lot

Presenting a rare development and investment opportunity with a total of 8 contiguous parcels, including 2 buildings and expansive vacant improved land, directly across from the new University of Michigan Innovation Center campus in Detroit. Priced at $8.9 million for the complete package, all parcels are adjacent and will be sold together, offering a unique footprint in an area poised for significant growth.

This offering is positioned at the heart of Detroit’s future, making it ideal for visionary investors and developers seeking to capitalize on the momentum surrounding the new U of M Innovation Center. The prime location ensures high visibility and accessibility, while the vast land and existing structures create endless possibilities for commercial, educational, or mixed-use projects.

With proximity to major universities, healthcare hubs, growing business districts, and vibrant urban amenities, these parcels promise current appeal and remarkable long-term potential. The opportunity to own this much continuous land in such a key corridor is exceptionally rare, allowing you to shape the future landscape of Detroit right next to a world-class institution.

Seize this chance to invest alongside major development and innovation. Contact the agent today for details, to review property information, or to arrange a site visit and explore the full range of possibilities this exceptional assemblage offers.

Listing Agent

Rashad Elabed

JNA Real Estate License #6501406301 Listed on: 06/19/2025

Property Details

Property Type

  • Land

Est. Annual Taxes

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 42x74
  • Property is zoned Commercial, Heavy Industrial

Community Details

  • Jones Farm S Of Grand River Subdivision

Listing and Financial Details

  • Assessor Parcel Number 04003687

Property Details

Property Type

Land

Est. Annual Taxes

$968

Lot Details

0

Listing Details

  • Property Type: Vacant Land
  • State Equalized Value: 48000.0000
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage Type: Paved

Utilities

  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.07
  • Lot Dimensions: 42X74
  • Parcel Number: 04003687
  • Zoning: Commercial, Heavy Industrial

Rental Info

  • Deposit Amount: 3000000.00

Tax Info

  • Tax Amount Summer: 589.0000
  • Tax Amount Winter: 379.0000
  • Total Tax: 968.0000
  • Taxable Value: 7816.0000

MLS Schools

  • School District: Detroit

Map

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
2024 $589 $48,000 $0 $0
2023 $573 $52,600 $0 $0
2022 $620 $52,600 $0 $0
2021 $599 $52,600 $0 $0
2020 $599 $60,100 $0 $0
2019 $588 $60,100 $0 $0
2018 $500 $7,400 $0 $0
2017 $121 $6,400 $0 $0
2016 $560 $6,300 $0 $0
2015 $632 $6,324 $0 $0
2013 $1,029 $10,293 $0 $0
2010 -- $10,293 $6,324 $3,969
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2025 06/19/25 For Sale $361,016 -- --
Source: Realcomp

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Multiple
Warranty Deed $215,000 Commonwealth Land Title
Source: Public Records

Source: Realcomp

MLS Number: 20251008828

Realcomp

APN: 04-003687

Michigan Wayne County Detroit 48201 Midtown

2402 4th St, Detroit, MI

This home is located at 2402 4th St, Detroit, MI 48201 and is currently priced at $361,016. 2402 4th St is a home located in Wayne County with nearby schools including Burton International Academy, Charles L. Spain Elementary-Middle School, and Edward 'Duke' Ellington Conservatory of Music and Art.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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Rashad Elabed
Listing Agent
Rashad Elabed
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JNA Real Estate
(734) 497-5558