$5,500,000

701 W Jefferson, Detroit MI, 48226

Price per sqft$40.73

Lot size3.1 Acres

Property typeLand

Overview

Sold

Closed

Listed Jun 8, 2024

Updated Mar 7

One of the last pieces of undeveloped riverfront land in downtown Detroit, this three-point-one acre property is a once in a lifetime development opportunity. 701 W Jefferson is an ideal site for a hotel, high-end condos or mixed-use development and comes with rights to build a marina. Highly desirable location in a qualified Opportunity Zone adjacent to The Residences at Water Square, Huntington Place convention center, and the Detroit Riverwalk. Area developments include: The New Residences at Water Square (496 Units), Huntington Place Convention Center, The Foundation Hotel, Riverfront Towers (845 Units), Hart Plaza, and the Detroit Riverwalk

Additional information

MLS^® ID: 60314284

Exterior Features

Lot Size: 3.1 Acres

Other Property Details

Taxes: $154,551
Tax Frequency: Annually

Listed by Vincent Mazzola with O'Connor Realty Detroit, LLC
Listing Contact: 313-963-9891

Based on information originating from the MiRealSource as of 3/7/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/7/2026 at 4:44 PM UTC