1098 Waterman Street, Detroit, MI 48209

New Listing
$50,000
Property Type: Land Lot Size (sq. ft.): 6,098 Status: Active
Current Price: $50,000 List Date: 3/09/2026 Last Modified: 3/09/2026

Description

Buildable multi-family development opportunity in the rapidly growing Southwest Detroit corridor near the new Gordie Howe International Bridge. This vacant lot offers incredible potential for investors, builders, or developers looking to capitalize on one of Detroit's most transformative infrastructure projects. Zoned for multi-family use, the property is ideal for income-producing residential development in an area experiencing strong revitalization and demand for housing. Conveniently located near major freeways, international border access, downtown Detroit, and neighborhood restaurants, parks, and community amenities. With continued investment flowing into the surrounding area, this is a prime opportunity to secure land in a high-growth location poised for long-term value.

More Information MLS# 26008663

Location & Property Info

Cross Streets: Army & Lafayette Municipality: Detroit City

Office/Contract Info

On-Market Date: 2026-03-09 Auction or For Sale: For Sale List Price/Acre: 357142.86 Listing Agreement: Exclusive Right To Sell

General Property Info

Property Sub-Type: Multi Family Lot Dimensions: 40x157x40x157 Road Frontage: 40 Waterfront: No School District: Detroit Lot Measurement: Acres Lot Square Footage: 6098 Lot Acres: 0.14

Tax Info

Taxable Value: 2200 SEV: 2200 For Tax Year: 2025 Seller's Annual Property Tax: 162 Tax Year: 2025 Homestead %: 0 Spec Assessment & Type: na Tax ID #: 18008122.

Remarks & Misc

Public Remarks: Buildable multi-family development opportunity in the rapidly growing Southwest Detroit corridor near the new Gordie Howe International Bridge. This vacant lot offers incredible potential for investors, builders, or developers looking to capitalize on one of Detroit's most transformative infrastructure projects. Zoned for multi-family use, the property is ideal for income-producing residential development in an area experiencing strong revitalization and demand for housing. Conveniently located near major freeways, international border access, downtown Detroit, and neighborhood restaurants, parks, and community amenities. With continued investment flowing into the surrounding area, this is a prime opportunity to secure land in a high-growth location poised for long-term value. Legal: PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2029. E WATERMAN N 20 FT 14 S 20 FT 13 KAIERS SUB L28 P78 PLATS, W C R 18/265 40 X 157.50

Util Avail at Street

Electricity Available: 1 Natural Gas Available: 1

Utilities Attached

None: 1

Sewer

Public Sewer: 1

Water

Public Water: 1

Terms Available

Cash: 1 Land Contract: 1

Mineral Rights

Unknown: 1

Sale Conditions

None: 1

Possession

Close Of Escrow: 1

Location Property Info

County: Wayne Street #: 1098 Street Name: Waterman Suffix: Street State: MI Zip Code: 48209 Zip (4): 2256

OfficeContract Info

Status: Active Current Price: $50,000 List Price: $50,000 Listing Date: 2026-03-08

Property Features

Util Avail at Street: Electricity Available; Natural Gas Available Utilities Attached: None Sewer: Public Sewer Water: Public Water Terms Available: Cash; Land Contract Mineral Rights: Unknown Sale Conditions: None Possession: Close Of Escrow
Listing Office: @properties Christie's Int'l
Listing Agent: Randi Brandt-Alves
IDX
Last Updated: March - 09 - 2026
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