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6520 Wabash St - Land / Multifamily / High-Density Residential 0.73 Acres of Residential Land Offered at $987,490 CAD in Detroit, MI 48208
Investment Highlights
- R6 High Density Residential zoning supports multifamily and higher-density residential development.
- Positioned less than one mile from the Henry Ford Health campus and the Future of Health: Detroit redevelopment district.
- Scarce R6-zoned land available in Detroit.
- Located directly across from Young Manor Apartments, reinforcing the area's established multifamily presence.
- Ideal for apartments, condominiums, townhomes, multifamily housing.
- Public water & sewer with sewer access at the street
Executive Summary
The site's location directly across from Young Manor Apartments reinforces the area's established residential character and demonstrates existing demand for multifamily housing. The property is situated within Detroit's 48208 submarket, offering connectivity to major transportation routes, employment centers, and neighborhood amenities. Its proximity to New Center places future residents within convenient reach of healthcare, educational, cultural, and commercial destinations throughout central Detroit.
A notable catalyst for the surrounding area is the Future of Health: Detroit initiative anchored by Henry Ford Health, Michigan State University, and the Detroit Pistons. This multi-billion-dollar redevelopment effort includes healthcare, research, residential, retail, public space, and infrastructure components that continue to reshape the surrounding district. Located less than one mile from the Henry Ford Health campus, the property is positioned near one of Southeast Michigan's major employment centers, supporting long-term residential demand drivers.
With R6 zoning, existing utility access, and a location within an established and evolving residential corridor, 6520 Wabash Street offers developers the opportunity to pursue apartments, condominiums, townhomes, or other multifamily housing concepts in an area benefiting from ongoing investment and neighborhood revitalization.
Property Facts
1 Lot Available
Lot 1
| Price | $987,490 CAD | Lot Size | 0.73 AC |
| Price Per AC | $1,356,214.99 CAD |
| Price | $987,490 CAD |
| Price Per AC | $1,356,214.99 CAD |
| Lot Size | 0.73 AC |
• ±0.73-acre (31,800 SF) development site (Approximate Dimensions: 150' × 212') • R6 High Density Residential Zoning o Multifamily / High-Density Residential Development
Description
Midtown / New Center / Rosa Parks Submarket W Grand Blvd; Rosa Parks Blvd & 14th Street Located in the vibrant Midtown/New Center/Rosa Parks submarket, this property offers access to the dynamic and rapidly growing Detroit business community. The area is home to prestigious institutions like Wayne State University, Henry Ford Hospital, and the College for Creative Studies. Nearby attractions include the Detroit Institute of Arts, the Michigan Science Center, and the Fisher Building. With a thriving entrepreneurial scene and an influx of corporate investments, this location presents an attractive opportunity for land and office investors looking to capitalize on the area's potential for growth and development. Prime High-Density Residential Development Opportunity 6520 Wabash Street presents an exceptional opportunity, strategically located residential development site in one of Detroit's emerging neighborhoods. Zoned R6 – High Density Residential, the parcel is ideally suited for multifamily apartments, townhomes or other higher-density residential projects, offering developers the flexibility to maximize the site's potential similar to 10-story, 153-unit Young Manor Apartments site at 2500 W Grand Blvd, Detroit, MI 48208 in New Center/Midtown Detroit.
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6520 Wabash St - Land / Multifamily / High-Density Residential
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