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20400 Telegraph Rd, Detroit, MI, 48219

$3,100,000

47.06 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeBusiness
MLS #24055468
Lot Size47.06 Acres
StatusActive

About 20400 Telegraph Rd

Unlock the potential of this 47-acre parcel located on the bustling Telegraph Rd, a prime location for large-scale commercial or industrial development. Offering abundant space and exceptional visibility, this property is ideal for investors and developers seeking to make a significant impact in one of Detroit's busiest business corridors. Call or text Kam for details.

Property Details

Property Features

Listing Office:

  • Office Name: IKL Real Estate LLC
  • Office Phone: (734) 926-9444
  • Listing Agent: Faisal Kamran, Imran Lateef

Lot Features

Lot Information:

  • Lot Size: 47.06 Acres

Other

Directions Information:

  • Directions: 8 Mile and Telegraph.

Price Information

Listing Price Info

Price Summary:

  • List Price: $3,100,000

Tax Information:

  • Annual Amount: $27,329
  • Tax Year: 2021
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Housing Market Comparison

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

Med. Sold Price

$85K

Med. Price/SqFt

$67

Avg. Days On Market

49

# of Sold Homes

396

20400 Telegraph Rd vs Detroit

42 DAYS ON ROCKET

-7 Days

$3,100,000

+$3.0M More

KEY TAKEAWAY

This property is $3.0M more than the Median Sold Price in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24055468

Listing Office:

  • Office Name: IKL Real Estate LLC
  • Office Phone: (734) 926-9444
  • Listing Agent: Faisal Kamran, Imran Lateef

Broker Reciprocity Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/3/2024, 12:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$27,329$1,377,900
2020$13,817$1,377,900
2018$13,817$168,400
2017$32,664$157,400

History based on county public records data.

Payment Calculator

$15.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$9,360

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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-3498185
1
/10
  • Beech Elementary School

  • 19990 Beech Daly Rd

  • 0.90 miles

  • Public District Grades 2-5

school-card-donut-3498186
1
/10
  • Old Redford Academy Elementary School

  • 17195 Redford St

  • 1.68 miles

  • Public Charter Grades PK-4

school-card-donut-3498187
3
/10
  • Distinctive College Preparatory

  • 17175 Olympia

  • 1.69 miles

  • Public Charter Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $46,513. Typical income of Detroit, MI residents is between $35k-100k annually. The majority of families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 20400 Telegraph Rd

What is the listing price of this property?

The listing price of 20400 Telegraph Rd property is $3,100,000.

What type of property is this?

The property 20400 Telegraph Rd is land located in Detroit, Michigan, 48219.

Is this property for sale now?

Active Listing: 20400 Telegraph Rd 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 $27,329 (source: MLS/based on county public records data).

How much acreage is this property?

The property 20400 Telegraph Rd is 47.06 acres.
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Rocket HomesMichiganWayne CountyDetroit4821920400 Telegraph Rd

This home is located at 20400 Telegraph Rd in Detroit, MI and zip code 48219 in the Five Points neighborhood. This home sits on a 47.06 acre lot. It has been listed on Rocket Homes since October 21, 2024 and is currently priced at $3,100,000.

Over 94 listings were sold over their listed price in November 2024 in Detroit, MI. In the same period over 247 listings were sold below the listed price and 55 listings were sold for the listed price. The inventory of homes for sale in Detroit, MI between October 2024 and November 2024 increased by 2%. In November 2024, listings were on the market for 49 days. During the same period, the median list price in this real estate market was $85,016.

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

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