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2601-2641 Trumbull St
Detroit, MI 48216

Fully Entitled Townhomes & Apartments · Land For Sale · 1.52 AC

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Investment Highlights

Fully Entitled Ready to build North Corktown - Great Location, Near Freeway, employment, Ford High Tech Center -gentrification is your opportunity.

Executive Summary

Downtown NORTH CORKTOWN, Fully Entitled Ready to Build.
42 TOWNHOMES + 73 APARTMENTS
Sold with Development Tax Credits in excess of $3,000,000

PROPERTY FACTS

Sale Type	Investment	Proposed Use	Apartment Units Apartment Units - Condo
Sale Conditions	Redevelopment Project	Total Lot Size	1.52 AC
No. Lots	1	Cross Streets	Trumbull
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype	Commercial

Sale Type	Investment
Sale Conditions	Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Apartment Units Apartment Units - Condo
Total Lot Size	1.52 AC
Cross Streets	Trumbull
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price	$2,900,000	Lot Size	1.52 AC
Price Per AC	$1,907,901

Price	$2,900,000
Price Per AC	$1,907,901
Lot Size	1.52 AC

Fully entitled development to build (2) Projects. Build 73 apartments plus 6,000sf of ground floor Retail and 42 Townhomes with individual APNs. (4) Retail restaurants/ Cafe/Starbucks, (5) Blocks from FORD High Tech Center

Description

Development opportunity position group for the next boom. Build-to-Rent / Build-to-Sell both opportunities exist in this project. Build 73 Apartments with 6,000sf of Retail space. Retail is situated perfectly to provide a great revenue stream for (4) Retail spaces /Starbucks/Shake Shack/Verizon/Local Restaurant / Build 42 Townhomes / Great Floor Pland / Mostly (2) and(3) Bedroom 2.5 Bath with Attached Park-in Garages. (2) Adjacent properties. Build-to-Sell or Build-to-Rent. The Build to Rent market is also very hot! Sell Townhomes Make $$$ and cash flow apartments. You Build it, we sell it. Let us know and we will get it done. Kw Commercial 858.967.4653

zoning

Zoning Code	R2
R2

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Listing ID: 29338632
Date on Market: 8/22/2023
Last Updated:
Address: 2601-2641 Trumbull St, Detroit, MI 48216

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