Sold
503 E EDSEL FORD, Detroit, MI 48202
Sold on 11/05/2025 for$58,000
MLS # 20251034691 (Realcomp)
0.25 acres
1 / 7
Listing Description
Unmatched value in the heart of Detroit’s redevelopment zone! This vacant lot at 503 E Edsel Ford offers an incredible chance to invest in Milwaukee Junction, one of the city’s most strategically located and fastest-growing neighborhoods—at a price that’s hard to beat. The iconic Fisher Body Plant, promising to bring retail, residential, and entertainment to the area. Just minutes from Midtown, Downtown, and New Center, the property is surrounded by some of the city’s best amenities—Wayne State University, the Detroit Institute of Arts, the QLINE rail, Henry Ford Hospital, and the Motown Museum are all nearby. The area is buzzing with popular dining spots like The Congregation, Supino Pizzeria, and Oak & Reel, plus creative hubs, art studios, and tech companies fueling the city's renaissance. Easy access to I-94, I-75, and Woodward Avenue makes this a commuter-friendly location with high visibility and traffic. Perfect for investors, builders, or developers looking for residential, commercial, or mixed-use potential in a prime urban corridor.Take part in shaping the future of Detroit—opportunities like this are rare and rapidly disappearing!
Source: SparkMLS
About this home
Closed at $58,000.
Broadband is available with download speeds up to 1,200 Mbps from 8 providers. Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeLand
Bathrooms0
Lot Size0.25 acres
Location
CityDetroit
Zip Code48202
CountyWayne
School DistrictDetroit
Sale & Financing
Listed4/24/2025
Sold Date11/4/2025
Original Price$99,999
Terms AcceptedCash
Source: SparkMLS
Tax Information
Annual Tax$110
Tax Year2025
State Equalized Value$1,100
Assessed Value$1,100
Parcel #03001676.
Source: Public Records
Legal Description
N EDSEL FORD E E 85 FT OF W 113 FT OF S 130 FT OF OL 199 LYG N OF MEDBURY AVE BEAUBIEN FARM L6 P475-8 CITY RECORDS, W C R 3/3 85 X 130
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Jaedin Glenn
EXP Realty Main
Frequently Asked Questions about 503 E EDSEL FORD, Detroit, MI 48202
What school district is 503 E EDSEL FORD, Detroit, MI 48202 in?
Per MLS# 20251034691, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What type of financing is accepted for this listing?
Per MLS# 20251034691, the seller has indicated this property accepts the following financing types: Cash. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20251034691, the most recent reported annual property tax for 503 E EDSEL FORD, Detroit, MI 48202 is $83. 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 503 E EDSEL FORD, Detroit, MI 48202 eligible for USDA financing?
Per USDA Rural Development boundary data, 503 E EDSEL FORD, Detroit, MI 48202 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, 503 E EDSEL FORD, Detroit, MI 48202 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 503 E EDSEL FORD, Detroit, MI 48202?
Per FCC Broadband Data Collection filings, fiber internet is not currently available at 503 E EDSEL FORD, Detroit, MI 48202. The maximum advertised download speed is 1.2 Gbps. 8 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. 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.
Map
Tax Estimate
$
Annual tax$71
Monthly$6
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$557
Principal & interest$551
Property taxes$6
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
Download
1.2 Gbps
Upload
35 Mbps
CableLicensed Fixed WirelessGSO SatelliteSatelliteDSL
8 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
503 E EDSEL FORD, Detroit, MI 48202
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Neighborhood
Middle Woodward
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Community
Detroit
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County
Wayne County
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