1 Acre of Residential Land for Sale in Grosse Pointe Park, Michigan
1058 Lakepointe St, Grosse Pointe Park, MI 48230
Vacant, improved residential land in the city of Grosse Pointe Park, MI. Site would support the construction of 8-10 residential condominiums in two separate 1 1/2 story buildings. City sewers and provisions for utility connection are in place. This provides significant cost savings to support new planned construction. Price includes complete set of plans. Units are approximatelyy 1500-1700 square feet in size with first floor master and garage. Downsizing is currently popular among community members and the need for more affordable multi-unit dwellings within the city seems to be in demand. The asking price is below the city assessed land value and reflects a land cost of approximately 15-20% of the projected selling price for the proposed new condominiums. The Grosse Pointe Park real estate market remains strong.
Location
- Street address
- 1058 Lakepointe St
- County
- Wayne County
- Community
- Residential #20
- School district
- Grosse Pointe Public Schools
Property details
- Acreage
- 1.061 acres
- Access
- Public road
- Posted
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Mar 17, 2025 | New listing | $395,000 | — | Property seller |