2445 Grand River Ave Detroit, MI 48201
Midtown NeighborhoodEstimated payment $1,376/month
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.
Property Details
Property Type
- Land
Est. Annual Taxes
Lot Details
- 2,178 Sq Ft Lot
- Lot Dimensions are 20x100
- Property is zoned Commercial, Heavy Industrial
Community Details
- Cass Farm Sub Subdivision
Listing and Financial Details
- Assessor Parcel Number 040004949
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 | $757 | $30,000 | $0 | $0 |
| 2024 | $757 | $32,000 | $0 | $0 |
| 2023 | $737 | $35,000 | $0 | $0 |
| 2022 | $797 | $35,000 | $0 | $0 |
| 2021 | $770 | $35,000 | $0 | $0 |
| 2020 | $770 | $40,000 | $0 | $0 |
| 2019 | $756 | $40,000 | $0 | $0 |
| 2018 | $642 | $9,500 | $0 | $0 |
| 2017 | $155 | $8,200 | $0 | $0 |
| 2016 | $721 | $8,100 | $0 | $0 |
| 2015 | $810 | $8,100 | $0 | $0 |
| 2013 | $811 | $8,105 | $0 | $0 |
| 2010 | -- | $8,105 | $3,000 | $5,105 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/19/2025 06/19/25 | For Sale | $232,314 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Multiple |
Source: Realcomp
MLS Number: 20251008829
APN: 04-0004949
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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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