$28,500

Estimated payment $199/month

Total Views 509,920
0.05 Acre
$570,000 Price per Acre
2,178 Sq Ft Lot

About This Lot

Prime Commercial Lot on Gratiot Ave just minutes from downtown Detroit with incredible visibility and high traffic count (over 25,000 vehicles per day) —perfect for your next business venture or investment. This 0.05-acre gated parcel sits at the corner of Gratiot and Mt. Elliot, surrounded by ongoing redevelopment and easy access to major freeways. Zoned M3: General Industrial with public water and sewer available, the lot measures 40x51.32 and offers an affordable opportunity in a rapidly growing area. Whether you're looking to build now or hold as a long-term investment, this location in the growing Eastern Market corridor is packed with potential. Welcome Home!

Listing Agent

Jim Shaffer

Good Company License #6502380733 Listed on: 08/27/2025

Good Company

Property Details

Property Type

  • Land

Est. Annual Taxes

Lot Details

  • 2,178 Sq Ft Lot
  • Lot Dimensions are 40x51.32
  • Property is zoned Commercial

Community Details

  • Meldrum Farm Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number W15I000357C8

Property Details

Property Type

Land

Est. Annual Taxes

$593

Lot Details

0

Listing Details

  • Property Type: Vacant Land
  • State Equalized Value: 8800.0000
  • AgentOnly_ListPriceByAcre: 570000.0000
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage Type: Paved

Utilities

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

Lot Info

  • Lot Size Area: 0.05
  • Lot Dimensions: 40X51.32
  • Parcel Number: W15I000357C8
  • Zoning: Commercial

Tax Info

  • Tax Amount Summer: 222.0000
  • Tax Amount Winter: 371.0000
  • Total Tax: 593.0000
  • Taxable Value: 3039.0000

MLS Schools

  • School District: Detroit

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
Collateral Analytics

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2025 08/27/25 For Sale $28,500 -- --
Source: Realcomp

About the Listing Agent

Jim Shaffer

Good Company

(877) 757-7679

Section Image

Jim Shaffer and Associates, powered by Good Company, has been helping Metro Detroit move since 1999. The team of 51 agents and staff closes an average of 850 transactions each year and has surpassed $2 billion in career sales, making them the #1 team in Oakland County, the top team in Ferndale, Royal Oak, Oak Park, and Hazel Park, and one of the most trusted names in Metro Detroit real estate. Their reputation for results and client care has earned recognition from RealTrends America’s Best,

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Source: Realcomp

MLS Number: 20251031261

Realcomp