For Sale
2939 PARK Avenue, Detroit, MI 48201
$1,100,000
MLS # 20250008451 (Realcomp)
0.07 acres
1 / 8
Listing Description
This commercial vacant land is steps away from Little Caesars Arena downtown Detroit, in the heart of the city just a block off Woodward Avenue and Cass Avenue in Downtown Detroit! Plenty of new restaurants, projects, and views galore. This property has been surveyed and has marked property lines to accurately know the dimensions of the property. Purchaser to pay 495 processing fee to listing broker at closing. Buyer will receive a clean title, warranty deed, and title insurance!
Source: SparkMLS
About this home
Currently offered at $1,100,000.
Estimated annual property tax: $3,312, or about $276 monthly. Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company. Fiber internet is available at this address with download speeds up to 5,000 Mbps across 9 providers.
Listing Property Details
Property TypeLand
Bathrooms0
Lot Size0.07 acres
Location
CityDetroit
Zip Code48201
CountyWayne
School DistrictDetroit
Sale & Financing
Listed2/6/2025
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$172
Tax Year2025
State Equalized Value$51,600
Assessed Value$51,600
Parcel #02001956.
Source: Public Records
Legal Description
W PARK 21 BLK 73--SUB PT PARK LOTS L53 P196 DEEDS, W C R 2/100 31.1 X 105
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Rashad Elabed
JNA Real Estate
Frequently Asked Questions about 2939 PARK Avenue, Detroit, MI 48201
Which school district serves 2939 PARK Avenue, Detroit, MI 48201?
Per MLS# 20250008451, 2939 PARK Avenue, Detroit, MI 48201 is in the Detroit boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Detroit directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 20250008451, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 2939 PARK Avenue, Detroit, MI 48201?
Per public tax records, annual property taxes for this property are $396. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 2939 PARK Avenue, Detroit, MI 48201 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 2939 PARK Avenue, Detroit, MI 48201 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is available at 2939 PARK Avenue, Detroit, MI 48201. The maximum advertised download speed is 5.0 Gbps. 9 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 2939 PARK Avenue, Detroit, MI 48201?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Wayne County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
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Tax Estimate
$
Annual tax$3,312
Monthly$276
Millage rate64.1844 mills
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
$
%
$
$
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Monthly payment$7,411
Principal & interest$7,135
Property taxes$276
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
5 Gbps
Upload
5 Gbps
FiberCableLicensed Fixed WirelessGSO SatelliteSatelliteDSL
9 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
2939 PARK Avenue, Detroit, MI 48201
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Neighborhood
Lower Woodward
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Community
Detroit
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County
Wayne County
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