Amazing value add opportunity in Jefferson Chalmers. For sale with three adjacent lots - including a 3 bed, 1.5 bath, 1,116sf bungalow - totaling just shy of a half acre; 543, 537 & 523 Ashland. List price for all four parcels is $159,200 total. As shown, the property is surrounded by Detroit Land Bank owned lots; 7 lots behind on Manistique and 3 adjacent lots on Ashland capping off the corner at Essex. The Land Bank parcels would add another .85 acres, providing for a great development opportunity. Conveniently located on the border of the Grosse Pointes, the JC neighborhood is rapidly growing in popularity and it's retail sector has enjoyed steady growth recently. JC is part of the city's Strategic Neighborhood Fund, a $100M fund focused on improving commercial corridors outside of downtown. In JC, plans are being developed for a new grocery store, with additional retail, and a renovated elementary school.
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