****MASSIVE PRICE DROP****NEXT TO FORD BILLION DOLLAR TRAIN STATION...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: $499,000
Tax Information:
Annual Amount: $517
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Detroit, MI.
This property is $414K 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: #20240047694
Listing Office:
Office Name: U.S. Investor Group
Office Phone: (313) 644-0034
Listing Agent: Sam Berri
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.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,558
Per Month
Principal & Interest
$2,491
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,563
Powered By
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Maybury Elementary School
4410 Porter St
Distance between this listing and this school1.35 miles
Public District Grades PK-5
1
/10
University Preparatory Academy (PSAD) Elementary School
957 Holden St
Distance between this listing and this school2.11 miles
Public Charter Grades KG-5
8
/10
Chrysler Elementary School
1445 E Lafayette St
Distance between this listing and this school2.21 miles
Public District Grades KG-5
Nearby Schools
2
/10
Burton International Academy
2001 Martin Luther King Jr Blvd
Distance between this listing and this school0.56 miles
Public District Grades KG-8
2
/10
Escuela Avancemos
2635 Howard St
Distance between this listing and this school0.72 miles
Public Charter Grades KG-7
7
/10
Edmonson Montessori
1300 W Canfield St
Distance between this listing and this school1.23 miles
Public District Grades PK-8
Nearby Schools
3
/10
Detroit Public Safety Academy
1250 Rosa Parks Blvd
Distance between this listing and this school0.63 miles
Public Charter Grades 6-12
2
/10
Covenant House Academy Detroit Central Site
2959 Martin Luther King Jr Blvd
Distance between this listing and this school0.68 miles
Public Charter Grades 9-12
1
/10
Covenant House Academy Detroit Southwest Site
1450 25th St
Distance between this listing and this school0.87 miles
The neighbors living near this home have an average income of $34,688. Most Detroit, MI residents have annual incomes less than $35k. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
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 $499,000.
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).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
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 July 03, 2024 and is currently priced at $499,000.
In October 2024, from all listings sold in Detroit, MI there were more than 125 sold above asking price, over 257 sold below and more than 93 were sold right at the asked price. In October 2024 in Detroit, MI there were 11.2% more homes for sale than in September 2024. In October 2024 median list price was $85,000 and the average listing age 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. 
Major League Soccer (MLS)
Major League Soccer (MLS)
Pro Boxing
Music Concerts
Banana Republic
IKEA
H&M
Jack In The Box
Quiznos
Chipotle
Toyota
Lexus
Volkswagen
Jazz
Soft Adult Contemporary