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Investment Highlights

  • Located near Detroit’s East Riverfront, Eastern Market, and downtown employment centers
  • Close to major corridors including Jefferson Avenue and Gratiot Avenue with quick access to regional freeways
  • Walkable area with transit access supporting future density and neighborhood-serving uses
  • Flexible vacant land providing a strong foundation for residential or community-oriented redevelopment concepts
  • Positioned within an established neighborhood experiencing reinvestment from both private and nonprofit sectors

Executive Summary

Situated just minutes from Detroit’s revitalizing downtown core, 534 Bellevue Street offers a strategically positioned vacant land opportunity within a rapidly evolving urban district. The site benefits from its placement near the East Riverfront, the Lafayette Park residential community, and the emerging Ellis and Islandview corridors, areas experiencing steady reinvestment driven by mixed-use development, residential infill, nonprofit expansion, and adaptive reuse of historic properties. This location enables a buyer to participate in one of Detroit’s most consistently improving submarkets, where demand for modern housing, community-oriented spaces, and small-format commercial uses continues to rise.
Its proximity to Jefferson Avenue, Gratiot Avenue, and I-375 provides strong connectivity to the Central Business District, Midtown, Eastern Market, and all major vehicular routes serving Wayne County. The area’s walkable street grid, bus routes, and improved cycling infrastructure support a variety of future concepts. Public incentives such as Detroit tax abatements, brownfield tools, and employment-driven programs may further strengthen feasibility for buyers pursuing creative or community-centered redevelopment paths, depending on eligibility.

Property Facts

Price $63,365 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units - Condo
Total Lot Size 2.34 AC
Opportunity Zone Yes
Zoning SD4 - Commercial Zoned District

1 Lot Available

Lot

Price $63,365 CAD
Price Per AC $26,963.83 CAD
Lot Size 2.35 AC

2.35-acre parcel commercial development land available in SDR Commercial Zoning and Opportunity Zone Designation.

Description

This 2.35-acre parcel at 534 Bellevue Street offers a rare opportunity to acquire land in one of Detroit’s most dynamic and evolving districts. Located just minutes from the East Riverfront, Eastern Market, and the Central Business District, the site is strategically positioned for residential infill, community-oriented development, or small-format commercial concepts. Its SD4 Commercial zoning and Opportunity Zone designation provide flexibility and potential tax advantages for investors seeking long-term growth. The property benefits from excellent connectivity via Jefferson Avenue, Gratiot Avenue, and I-375, ensuring seamless access to downtown employment centers and regional freeways. The surrounding neighborhood is experiencing significant reinvestment, driven by mixed-use projects, nonprofit initiatives, and adaptive reuse of historic structures. Walkable streets, transit routes, and improved cycling infrastructure further enhance the appeal for future development. Public incentives, including Detroit tax abatements and brownfield programs, may strengthen feasibility for creative redevelopment strategies. This site represents a compelling chance to participate in Detroit’s ongoing revitalization and capitalize on rising demand for modern housing and community spaces.

Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
70/100
  • Listing ID: 39639383

  • Date on Market: 2026-03-03

  • Last Updated:

  • Address: 534 Bellevue St, Detroit, MI 48207

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