3 months on rocket

2101 Michigan Ave, Detroit, MI, 48216

$700,000

0.05 Acres
Land
Schools Nearby

Location

Image provided by Mapbox

Property Highlights

Home TypeVacant Land
MLS #20240003855
Lot Size0.05 Acres
StatusActive

About 2101 Michigan Ave

PRIME INVESTMENT OPPORTUNITY IN CORKTOWN, one of Detroit's fasted developing communities. Lot consists of 2 adjacent parcels, 2101 and 2105 Michigan Ave, totaling 3,275 Sq Ft (0.075 Acres) with 62 Feet of direct Michigan Ave Frontage. Corner lot, south side of Michigan Ave and Wabash St. Parcels are a few feet away from Ford Motor Company's 1 Billion Dollar Michigan Central Station Project Development, recently completed 6 Million Dollar Roosevelt Park transformation and many retailers. This growing and vibrant community is located a few minutes from Downtown Detroit and major expressways, I-75 and I-96. Flexible zoning allowing for office, retail, medical, multi-family or mixed use. Located in the designated Detroit Opportunity Zone with potential to build up to 4 stories in the heart of Corktown. This is an opportunity of a lifetime to own property with unlimited potential.

Property Details

Property Features

Listing Office:

  • Office Name: U.S. Investor Group
  • Office Phone: (313) 644-0034
  • Listing Agent: Sam Berri

Lot Features

Lot Information:

  • Lot Size: 0.05 Acres

Other

Directions Information:

  • Directions: South side of Michigan Ave between Rosa Parks Blvd and 14th Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $700,000

Tax Information:

  • Annual Amount: $517
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Detroit, MI.

Med. Sold Price

$80.1K

Med. Price/SqFt

$69

Avg. Days On Market

49

# of Sold Homes

392

2101 Michigan Ave vs Detroit

100 DAYS ON ROCKET

+51 Days

$700,000

+$619.8K More

KEY TAKEAWAY

This property is $619.8K more than the Median Sold Price in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20240003855

Listing Office:

  • Office Name: U.S. Investor Group
  • Office Phone: (313) 644-0034
  • Listing Agent: Sam Berri

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 5:25:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 21, 2017Home Sold
$179,000

Tax History

YEARPROP. TAXASSESSMENT
2021$517$35,400
2020$415$29,500
2018$415$4,800
2017$389$4,500

History based on county public records data.

Payment Calculator

$3,561

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,165

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Rocket Mortgage

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-2903453
3
/10
  • University Preparatory Academy (PSAD) Elementary School

  • 957 Holden St

  • 2.10 miles

  • Public Charter Grades KG-5

school-card-donut-2903454
3
/10
  • Voyageur Academy

  • 4321 Military St

  • 2.24 miles

  • Public Charter Grades KG-4

school-card-donut-2903455
4
/10
  • University Preparatory Academy (Psad) Elementary School

  • 435 Amsterdam St

  • 2.37 miles

  • Public Charter Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $34,688. The most common annual income of people living in Detroit, MI is less than $35k. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2101 Michigan Ave

What is the listing price of this property?

The listing price of 2101 Michigan Ave property is $700,000.

What type of property is this?

The property 2101 Michigan Ave is land located in Detroit, Michigan, 48216.

Is this property for sale now?

Active Listing: 2101 Michigan Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $517 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on June 21, 2017 for $179,000. (source: MLS/tax record).

How much acreage is this property?

The property 2101 Michigan Ave is 0.05 acres.
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Rocket Homes›Michigan›Wayne County›Detroit›48216›2101 Michigan Ave

This home is located at 2101 Michigan Ave in Detroit, MI and zip code 48216 in the Corktown District neighborhood. This home sits on a 0.05 acre lot. It has been listed on Rocket Homes since January 20, 2024 and is currently priced at $700,000.

While more than 94 listings in Detroit, MI in March 2024 were sold above asking price, there were more than 74 listings sold at asking price, and more than 224 were sold below. Between February 2024 and March 2024, Detroit, MI real estate market has seen increase in the number of listings by 10.7%. While the average time on the market in March 2024 was 49 days, the median list price was $80,163.

From Rocket Homes Real Estate and based on county public records data.

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