Zip codes 48216 homes for sale starting at Fifty Thousand Dollars

$900,000 - Detroit, MI

1798 Wabash Street Detroit, MI - Corktown's Hottest Property! Discover the unparalleled potential of 1798 Wabash, an extraordinary property strategically positioned in Detroit's dynamic Corktown district. Located steps away from the newly revitalized Michigan Central Station, recently renovated by Ford Motor Company, this property presents a once-in-a-lifetime chance to secure a prime piece of real estate at an incredible value. Highlights: Currently a non-conforming commercial use with it being zoned R2 under Detroit's Master Plan. This allows for single family or condo development. Expansive Space: Boasting over 6000 sqft of space, currently divided into 4 units, each equipped with 220-volt electricity. Potential for Growth: Expand to 6 units and explore the option to add a second floor, maximizing income potential and versatility. Historic Charm: Situated in the heart of Corktown, adjacent to the historic Michigan Central Station, a symbol of Detroit's rich heritage and promising future. Surrounded by Amenities: Enjoy proximity to trendy cafes, boutique shops, and upscale dining, enhancing the property's appeal to residents and businesses alike. Why Invest: This property offers an exceptional opportunity for savvy investors, developers, and entrepreneurs looking to capitalize on Detroit's rapid revitalization. Whether you envision creating luxury condos, establishing a thriving commercial hub, or both, 1798 Wabash provides the canvas for your ambitious endeavors. Act Now: Submit your best offer today and take advantage of this rare chance to own a piece of Detroit's future. Contact us now to schedule a viewing and explore the endless possibilities awaiting you at 1798 Wabash. Don't delay - this opportunity won't last long! BATVAI

$600,000 - Detroit, MI

2619 Wabash Street Detroit, MI - Prime Real Estate Opportunity in Corktown! Location, Location, Location! Embrace the vibrant energy of Corktown, just a stone's throw from the iconic Michigan Central Station, which has recently undergone an impressive renovation. This is your chance to secure a remarkable piece of property in one of Detroit's most sought-after neighborhoods. Whether you're a savvy investor or a visionary developer, this property represents a grand opportunity to make your mark. With a unique floor plan, the possibilities are truly endless—reimagine the space by tearing it down and starting anew, or restore it from the studs to create something extraordinary. Enjoy the best of city living with an array of lively bars, charming shops, and delicious restaurants all within walking distance. Don’t miss your chance to invest in the heart of Corktown. Property is being sold with an additional lot at 2627 Wabash. Set up your showing today.

$495,000 - Detroit, MI

1601 Leverette Street Detroit, MI - THE REDEVELOPMENT PROJECT IN THE HEART OF CORKTOWN PRESENTS AN EXCITING OPPORTUNITY FOR BUILDERS. LOCATED IN DETROIT'S VIBRANT NEIGHBORHOOD OF CORKTOWN, THIS PROPERTY OFFERS SPACIOUS DIMENSIONS IDEAL FOR CONSTRUCTION OF A MULTI-FAMILY UNIT. THE AREA IS RAPIDLY DEVELOPING WITH EASY ACCESS TO LOCAL AMENITIES, MAKING IT AN ATTRACTIVE INVESTMENT OPPORTUNITY. WITH THE NEIGHBORHOOD SHOWING POTENTIAL FOR FUTURE GROWTH, INVESTING IN THIS EVOLVING LANDSCAPE CAN BE A REWARDING DECISION FOR BUILDERS LOOKING TO CAPITALIZE ON DETROIT'S REJUVENATED URBAN ENVIRONMENT.

$425,000 - Detroit, MI

503 W Grand Boulevard Detroit, MI - Introducing 503 W Grand Blvd, a rare opportunity to own a vacant medical building located in the heart of Detroit, MI. This spacious property is in need of updates, making it the perfect canvas for investors and business owners looking to create a custom space. With over 7,500 square feet of interior space, this building offers ample room to accommodate a variety of businesses, from medical practices to creative studios or office area. The building features multiple levels, with large open rooms, private offices, and plenty of storage capacity. While the building is in need of updates, it is equipped with the essential infrastructure required for a medical facility, including plumbing, electrical, and HVAC systems. Located on a busy street, this property offers excellent visibility and easy access to public transportation. It is situated in close proximity to major hospitals, universities, and downtown Detroit, making it an ideal location for a variety of businesses. Investors and business owners who are looking for a unique opportunity to create a custom space in a bustling location will appreciate the potential of 503 W Grand Blvd. With its prime location and flexible interior space, this building offers endless possibilities for those looking to make their mark in the heart of Detroit.

$399,000 - Detroit, MI

2908 Cochrane Street Detroit, MI - Welcome to a prime commercial opportunity in the heart of North Corktown, where endless possibilities await in this single-story raw commercial space. This expansive property, zoned R2, provides an ideal canvas for entrepreneurs and investors looking to make their mark in one of Detroit's most sought-after neighborhoods. Key Features:* Zoning: R2, allowing for flexible use and potential for up to three stories of development, providing exceptional versatility for your business vision.* Construction: Built to last, this property features sturdy concrete block construction, ensuring durability and security. * Space: With a generous 3,100 square feet of open space, you have ample room to design and customize your business to suit your specific needs and branding.* Parking/Expansion: The property comes with an additional 3,100 square foot lot, perfect for parking, outdoor expansion, or potential future development. The rear alley access enhances the property's accessibility and flexibility. * Location: Nestled in the heart of North Corktown, this property is surrounded by a vibrant mix of historic charm and new construction condos. This location offers high visibility and accessibility, ensuring that your business can thrive in this growing community. North Corktown is known for its unique blend of historic character and contemporary urban living, making it an attractive destination for both residents and visitors. The neighborhood's proximity to downtown Detroit and its thriving cultural scene provides ample opportunities for businesses to flourish. Whether you're dreaming of a trendy new cafe, a boutique retail shop, a gallery, or any other commercial venture, this raw commercial space with build potential is an exceptional opportunity. Embrace the spirit of North Corktown and turn this property into the next exciting destination in this thriving, growing, developing community.

$274,900 - Detroit, MI

1488 17Th Street Detroit, MI - Here is your chance to own a one of a kind home in the Hubbard Richard neighborhood! This home boasts almost 3000 sqft of livable space and is centrally located to everything! Highly sought after neighborhood with easy access to Michigan Central Station / viewable from front and back porch (4min walk) Corktown (less than 5 min walk) downtown ( under 5 min drive ) Mexican town is right around the corner along with major highways. Perfect location! Peaceful residential feel within a historic Detroit sub. This home is in the middle of EVERYTHING! This gem will be a beautiful restoration! (It actually has hidden passages and inside the walls from the prohibition era ) This is a wonderful opportunity to invest and be part of the future of Detroit! Homes this size and location are rare! Home sold as is . The 2 parcels directly next door are also for sale on an additional listing for 150k-

$200,000 - Detroit, MI

2764 Huron Detroit, MI - BUNDLED W/ 2776 HURON,2734 HURON,2738 HURON,2742 HURON,2758 HURON AND 2025 TEMPLE. NOT SOLD SEPERATELY. BUILDING SHOULD DEFINE SPACE IN MEANINGFUL WAY. BUILDING SHOULD BE DESIGNED TO COMPLEMENT COMMUNITY.PROVIDE A DIVERSE RESIDENTIAL STOCK AND DENSITY AT A VARIETY OF PROCEDURE OF PRICES POINTS, OWNERSHIP TYPES(I.E.RENT,OWN),HOUSING TYPES. DENSITIES SHALL SUPPORT OPPORTUNITIES FOR NEIGHBORHOOD COMMERICAL INVESTMENTS & JOBS CREATION, STIMULATING GROWTH IN LOCAL ECONOMY. THE DLBA IS ENTITLED TO A TAX CAPTURE FOR THE 5 TAX YEARS SUBSEQUENT TO TRANSFERRING OWNERSHIP OF THE PROPERTY. THE TAX CAPTURE MAY BE INCOMPATIBLE WITH TAX ABATEMENT THAT ARE OTHERWISE AVAILABLE TO THE SELECTED PURCHASER. DLBA WILL REVIEW REQUESTS TO WAIVE ITS TAX CAPTURE RIGHTS & MAY REQUIRE A PAYMENT IN LIEU OF TAXES TO APPROVE SUCH REQUESTS.THE PAYMENT WILL BE DETERMINED UPON REVIEWING THE DEVELOPMENT PROFORMA & EFFECT OF ANY TAX ABATEMENT ON THE PURCHASE AND DEVELOPMENT FINANCING.SEE ADDITIONAL ATTACHED DOCS.

$176,412 - Detroit, MI

2881 17Th Street Detroit, MI - Welcome to the latest inclination from Detroit Land Bank Authority. Also included 2871 17th, 2877 17th, 2517 Butternut, 2527 Butternut, 2893 17th, 2521 Butternut, 2887, 17th, 2903 17th. This is a residential infill development site. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. Be advised that all potential buyers are required to prepare a proposal/proforma in order to qualify to purchase. DLBA proposal guidelines are attached for review

$175,000 - Detroit, MI

2609-2623 Trumbull Detroit, MI - Prime Vacant Land located in highly desired North Corktown Neighborhood. The DLBA is seeking a multifamily or commercial/mixed use development proposal. DLBA and it’s city partners would be supportive of a re-zoning petition to encourage a wider variety of uses than are currently allowed in the R4 zoning district. Addresses included in subject listing are: 2609 & 2623 Trumbull Ave. Land is currently Zoned as R4 Thoroughfare Residential District. All offers must be supported by Proof of Funds for both the Purchase Price, as well as the construction costs. The sale of said property is open to homeowners, investors and developers. The Seller requires a new build proposal with offer. Purchaser shall present construction plans or precedent architectural images of proposed development. Seller Purchase & Development Agreement to be provided upon acceptance of qualifying offer. All proposal requirements must be provided to be considered by Seller. Proposal Deadline is November 29, 2020.

$129,000 - Detroit, MI

2700 Huron Street Detroit, MI - This lot is sold in a bundle of 8 with 2701,2711,2721 Vermont, 2708, 2718,2724 Huron, and 2030 Spruce. All 8 lots Total= 24,201 sq. Not sold Separately. Great opportunity for infill housing development. Zoned R2. A buyer must submit a proposal to purchase, including construction plans or precedent architectural images of proposed development & financing plan w/ POF, Pre-App letter, or new construction loan of the property. Projects will require approval of the Design Review from the city of Detroit. The Tax Capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights & may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development financing. BATVAI Please see attached documents for DLBA requirements. Proposal should be submitted through google doc application. Use the link in the attachments.

Zip codes 48216 listings for sale

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