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$3,999,999   Price Analysis
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2933 2nd Ave
Detroit, MI 48201
Unknown bed 2 bath 21,718 SqFt ($184/SqFt)
6,534SqFt lot. Built 1924
Listed 2024-01-09
Ⓧ USDA Ineligible
due to price & location

near Detroit

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 th 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.


Presented by Ava Pavlina at
Arterra Luxe Collection LLC.


Property MLS #20240001555 from Realcomp

Total Bathrooms: 2.00
Full Bathrooms: 2

Basement Description: Unfinished, Walkout Access

Frontage Length: 65
Road Frontage Type: Paved

Lot Size Acres: 0.15
Lot Size Dimensions: 65.00 x 100.00
Lot Size Square Feet: 6534

Number of Units: 52

School District: Detroit

Burton International School is a public elementary and middle school located approximately 0.9 miles away.
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Douglass Academy For Young Men is a public high school located approximately 1.3 miles away.
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Most Holy Trinity School is a private elementary and middle school located approximately 0.8 miles away.
directions icon Map directions

Pets Allowed: Yes

ActivationDate : 2024-01-09
Annual Tax Amount: 570
Source Listing Status: Active
County: Wayne
Directions: Off of Woodward onto Second ave.
Source Property Type: Multifamily
Area: Det: Livernois-I75 6-Gd River
Source Neighborhood: PT OF CASS FARM SUB BY J F MUNRO SUR
Ownership Type: Short Sale - No, Private Owned
Parcel Number: W04I003314S
Postal Code Plus 4: 2629
Subdivision: PT OF CASS FARM SUB BY J F MUNRO SUR
Zoning: Commercial, Multi-Family
Source System Name: C2C

Relisted 2024-07-26
$3,999,999
Realcomp
Listing removed 2024-07-25
$0
Realcomp
Price Changed 2024-03-21
$3,999,999
Realcomp
Price Changed 2024-03-13
$4,799,999
Realcomp
Price Changed 2024-02-08
$4,999,999
Realcomp
Relisted 2024-01-18
$5,299,999
Realcomp
Listing removed 2024-01-17
$0
Realcomp
Listed 2024-01-09
$5,299,999
Realcomp

Total Square Feet Living: 21718
Year Built: 1924
Construction Materials: Brick
Foundation Details: Basement
Property Age: 100
Levels or Stories: 4-10 Story
House Style: 4-10 Story
Total Area Sqft: 21718
Total Below Grade Area: 2200
Architectural Style: Historic

Sewer: 3rd Party Unknown
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.