For Sale
453 MARTIN LUTHER KING JR Boulevard, Detroit, MI 48201
$2,500,000
MLS # 20230098765 (Realcomp)
Built 18880.7 acres
1 / 30
Listing Description
Rare opportunity for Redevelopment in The Midtown Neighborhood. This property is on national historic registry, but does NOT have any use restrictions. Building could be leveled if desired. Variety of possibilities including new construction on vacant portion with rehab of existing structure; uses could include subsidized housing with servicing center, co-working space, medical offices, condo conversion, or family office center. Plenty of space for parking and expansion.In the center of LCA and Olympia Entertainment, DMC Hospital, Motor City Casino, Downtown District and Midtown. In Community Benefits Impact Area for $1.5B District Detroit Development that includes a series of hotels, entertainment venues, residences, retail, and business incubators.Tax Credits Available for Historic Site - call for more information. Bring your vision and be a part of THE NEW DETROIT.
Source: SparkMLS
About this home
Listed at $2,500,000.
Property tax estimate: $49,664 per year ($4,139/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Fiber internet is available at this address with download speeds up to 5,000 Mbps across 9 providers. Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeCommercial Sale
Bathrooms0
Lot Size0.7 acres
Year Built1888
Location
CityDetroit
Zip Code48201
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick, Stone
WaterPublic
Sale & Financing
Listed7/20/2023
Source: SparkMLS
Tax Information
Annual Tax$48,188
Tax Year2025
State Equalized Value$604,300
Assessed Value$604,300
Parcel #02000726.
Source: Public Records
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Jerome Dixon
Signature Sotheby's International Realty Bham
Frequently Asked Questions about 453 MARTIN LUTHER KING JR Boulevard, Detroit, MI 48201
What school district is 453 MARTIN LUTHER KING JR Boulevard, Detroit, MI 48201 in?
Per MLS# 20230098765, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
How much are property taxes for this home?
Per MLS# 20230098765, the most recent reported annual property tax for 453 MARTIN LUTHER KING JR Boulevard, Detroit, MI 48201 is $41,049. 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.
Is 453 MARTIN LUTHER KING JR Boulevard, Detroit, MI 48201 eligible for USDA financing?
Per USDA Rural Development boundary data, 453 MARTIN LUTHER KING JR Boulevard, 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.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 453 MARTIN LUTHER KING JR Boulevard, Detroit, MI 48201 is in flood zone X (minimal risk). 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.
Is fiber internet available at 453 MARTIN LUTHER KING JR Boulevard, Detroit, MI 48201?
Per FCC broadband data, this property has access to fiber internet service. The maximum advertised download speed is 5.0 Gbps. 9 internet providers serve this address. Confirm availability and speeds directly with providers.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Wayne County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
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Tax Estimate
$
Annual tax$49,664
Monthly$4,139
Millage rate82.1844 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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%
$
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Monthly payment$20,354
Principal & interest$16,215
Property taxes$4,139
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
453 MARTIN LUTHER KING JR Boulevard, 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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