3250 PELHAM Street $4,700,000

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    3250 PELHAM Street Dearborn, MI 48124

    • 4.90 Acres
    • Commercial
    • MLS# 60342101
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    Views: 16 Days On Site: 60

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    Property Details

    Rare Opportunity: 5 Acres in the Heart of 48124 ready for Transformation! Are you ready to seize a once-in-a-lifetime opportunity? This offering consists of 2 parcels which total 5-acres combined. Whether you envision preserving it as a house of worship/community center/other use or igniting the largest redevelopment project this area has witnessed in years, this prime location is your blank canvas for endless possibilities. Strategically situated near Ford, Greenfield Village, Shopping Centers, Worship Centers, Schools, Freeways, and Hospitals, this property offers unparalleled accessibility. The estimated 25,000 sq ft existing building, with a huge multi-level walk-out basement and Garage. Lower level has one large open space which could be a gym, theater, or dining area. There are multiple exits which lead to outdoor patio areas perfect for gatherings. Bring your creative vision - Maintain it, renovate it, or expand â‚' the choice is yours! This site is prime for a developer ready to tackle the housing shortage! Property is located in a highly sought after residential area and perfect for constructing a new housing project. Surrounded by high-end residential homes and backing directly to Edsel Ford High School. Enjoy a picturesque setting, tranquility, nature, and breathtaking wildlife in your own backyard. Frontage Ft Listed is for both parcels combined - Parcel #1 494' Frontage - Parcel #2 103' Frontage. Owner may consider a Land Contract with a substantial down payment, making your dream investment even more accessible. This rare opportunity won't last long. Don't miss your chance to be a part of history by shaping the future of this prime location. Whether you're a visionary developer, an investor, or an individual with a passion for transformation, this is your moment! Unlock the limitless potential of this extraordinary property. Your future begins here! Currently this property is owner occupied - Please do not approach occupants or guest; Please do not walk the property without an appointment.

    • General Features
      • Acreage 4.9
      • Area Municipality Dearborn (82093)
      • County Wayne
      • Originating MLS RealComp
      • Ownership Private
      • Subdivision WESTMINSTER SUB
      • Total SqFt Finished 0
      • Waterfront Y/N No
      • Year Built 19
      • ZONING Commercial,Residential
    • Building Features
      • Exterior Construction Brick
      • Foundation Type Basement
    • Property Features
      • Water Public Water
      • Lot Size 655 x 248
      • Roads Paved Street
      • Sewer Septic Public Sanitary

    Neighborhood

    48124 (Dearborn) Demographics

    40 Median Age
    3,156 Population Density (per sq. mile)
    50% College Educated
    $72,806 Estimated Median Income
    9,433 Estimated Total Home Owners
    2,455 Estimated Total Renters
    79% / 21% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    28,086 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $203,450 Median Sales Price
    44 Homes Sold
    46 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $4,700,000
        9/24/2024 3:55:00 PM New in Database Source: Multiple Listing Service New Value: $4,700,000

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        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.