2410 4th Street
Highland Park, MI 48201
Improved Land · MLS # 20251008827 · Listing courtesy of JNA Real Estate
About this home
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.
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Highland Park
Over the last 90 days, 25 homes sold in Highland Park for a median of $60,000, about $46 per square foot, and the typical one went under contract in 27 days. This home is listed at $904,864, and has been on the market 498 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Highland Park sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $2,397 a year. A buyer who lives here would pay about $1,255 to $29,329 a year once the taxable value resets after the sale, at the 2025 homestead rate of 64.18 mills for Detroit City and Detroit schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.
Location
Similar homes in Highland Park
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