Ava Pavlina is pleased to present this 25,000 SF, residential zoned re-development opportunity in the heart of Midtown, Detroit! This 4 story, brick building has the potential to become a hostel, apartments, hotel, condos and more! Walking distance to the Masonic Temple, Cass Park, Wayne State University- As well as Downtown Detroit ~ Comerica Park, Ford Field, Little Caesars Arena, Fox Theatre, Motor City Casino, MGM Grand, Detroit Medical Center, Detroit Institute and more! Framed out for 120 bed hostel with potential for a bar/restaurant lounge on the Garden level. Possibility of also holding 52 units as an apartment building. A brand new roof and historically approved windows have already been installed. The city of Detroit has implemented many incentives to encourage and support development in this area of Detroit. This includes tax credits and grants, making it easier and more financially advantageous to bring your vision to life! Needs new electrical and plumbing.
Property Details
Property Features
Property Information:
Architectural Style: Historic
Year Built: 1924
Stories: 4
Living Area: 21,718 SqFt
Listing Office:
Office Name: Arterra Luxe Collection LLC
Office Phone: (248) 733-5893
Listing Agent: Ava Pavlina
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 2
Exterior Features
Exterior Information:
Private Pool: No
Lot Features
Lot Information:
Lot Size: 0.15 Acres
Utilities
Utilities Information:
Heating: Other
Other
Directions Information:
Directions: Off of Woodward onto Second ave.
Price Information
Listing Price Info
Price Summary:
List Price: $3,999,999
Price Per SqFt: $184/SqFt
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Housing Market Comparison
See how this home compares to others in Detroit, MI.
This property is $3.9M more than the Median Sold Price and $113/SqFt more than other homes in Detroit, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Realcomp II Ltd
MLS Number: #20240001555
Listing Office:
Office Name: Arterra Luxe Collection LLC
Office Phone: (248) 733-5893
Listing Agent: Ava Pavlina
Disclaimer: 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.
We're sorry, we currently don't have sales or tax history data for this listing.
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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.
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Nearby Schools
3
/10
University Preparatory Academy (PSAD) Elementary School
957 Holden St
Distance between this listing and this school1.61 miles
Public Charter Grades KG-5
4
/10
University Preparatory Science and Math - Elementa
2251 Antietam Ave
Distance between this listing and this school1.64 miles
Public Charter Grades KG-5
4
/10
University Preparatory Academy (Psad) Elementary School
435 Amsterdam St
Distance between this listing and this school1.76 miles
Public Charter Grades KG-5
Nearby Schools
7
/10
University Preparatory Science and Math (PSAD) Middle School
5100 John R St
Distance between this listing and this school1.22 miles
Public Charter Grades 6-8
5
/10
George Crockett Academy
4851 14th St
Distance between this listing and this school1.39 miles
Public Charter Grades KG-8
4
/10
University Preparatory Academy (Psad) - Middle School
5310 Saint Antoine St
Distance between this listing and this school1.46 miles
Public Charter Grades 6-8
Nearby Schools
2
/10
Detroit Public Safety Academy
1250 Rosa Parks Blvd
Distance between this listing and this school1.18 miles
Public Charter Grades 9-12
6
/10
Detroit Edison Public School Academy
1903 Wilkins St
Distance between this listing and this school1.40 miles
Public Charter Grades PK-12
3
/10
University Preparatory Academy (Psad)-High School
600 Antoinette St
Distance between this listing and this school1.58 miles
The neighbors living near this home have an average income of $10,518. The majority of Detroit, MI residents have income less than $35k annually. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
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This home is located at 2933 2nd Ave in Detroit, MI and zip code 48201 in the Downtown neighborhood. This 21,718 square foot home, which was built in 1924, sits on a 0.15 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since January 09, 2024 and is currently priced at $3,999,999.
Over 94 listings were sold over their listed price in April 2024 in Detroit, MI. In the same period over 243 listings were sold below the listed price and 89 listings were sold for the listed price. The number of listings in Detroit, MI increased by 12.7% between March 2024 and April 2024. The median list price of listings available in April 2024 was $81,036, while the average time on the real estate market was 45 days.
From Rocket Homes Real Estate and based on county public records data.
Disclaimer: 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. 
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