242 E PALMER Street # 3 Detroit, MI $ 224,500
242 E PALMER Street # 3
$ 224,500
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242 E PALMER Street # 3

Detroit, MI, 48202
$ 224,500
Bedrooms2 Baths1.0 Sq 950

Monthly Estimate*

$ 1,382

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Condo for sale in Detroit, MI

for $224,500 with 2 bedrooms and 1 full bath. This 950 square foot condo was built in 1912.

Located in Detroit’s historic Art Center neighborhood, this residence offers the kind of character and walkability that continue to make this area one of Midtown’s most desirable pockets. Just steps from the Detroit Institute of Arts, College for Creative Studies, Wayne State University, the Detroit Medical Center, cafés, restaurants, and the QLINE, the location places some of the city’s best cultural and everyday destinations within easy reach. Set within a classic brick building surrounded by historic architecture, the unit blends original detail with practical modern updates. Rich wood trim, built-in millwork, hardwood floors, and a striking coffered ceiling give the main living space warmth and personality rarely found in newer construction. Large bay windows bring in great natural light and overlook the neighborhood’s tree-lined streets and historic homes. The single-level layout offers comfortable, well-connected living spaces. The living room feels open yet inviting, while the kitchen features stone countertops, slate tile flooring, generous cabinet space, and direct access to a private outdoor deck—an uncommon feature in Midtown condo living and a great extension of the space during warmer months. Additional features include in-unit laundry, dedicated storage, and one detached garage parking space included with the unit. Art Center is known for its mix of historic buildings, cultural institutions, and residential streets that feel connected to the energy of Midtown without being directly in the middle of it. A rare opportunity to own a residence with authentic architectural character in one of Detroit’s most established neighborhoods.

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Condo Active

Price

$ 224,500

Bedrooms

2

Full Bath

1

Property Type

Condo

Taxes

$ 290

Style

Loft

Year Built

1912

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20261032942

Features
Interior
Interior Amenities ProgrammableThermostat
Furnished Y/N Unfurnished
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 950.0
Half Baths 0
Laundry Features InUnit
Total Bedrooms 2
Above Grade Finished Area Unit Type SquareFeet
Total Baths 1
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General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Cooling CentralAir
Possession AtClose
Roof Other
Appliances BuiltInElectricOven BuiltInElectricRange Dishwasher Disposal Dryer FreeStandingRefrigerator Washer
HOA Fee 350.0
Garage Spaces 1.0
Patio/Porch Features Patio
Architectural Style Loft
Pool Features None
Construction Materials Brick
Exclusions Exclusion(s) Do Not Exist
Pets Allowed Call
Year Built 1912
Levels One
Unit Number 3
Property Subtype Condominium
Community Features Sidewalks
Assoc Fee Paid Per Monthly
County Wayne
New Construction N
Property Type Residential
HOA Y
Attached Garage N
Subdivision Name WAYNE COUNTY CONDO PLAN NO 888 (LANCASTER LOFTS)
Garage Y/N Y
Total Rooms 4
Full Baths 1
Status Active
Directions Woodward to Palmer E.
City DetroitCity_Wayne
Disclosures ExclusionsDoNotExist TaxesNotHomesteadExempt
Entry Location LowerLevelwSteps
Senior Community Y/N N
High School District Detroit
MLS Area Area05043DetLivernoisI756GdRiver
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 290.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 8700
Expected Active Date 2026-05-11
Legal Description UNIT 3 ; WAYNE COUNTY CONDO PLAN NO 888 LANCASTER LOFTS REC L43889 P149-203 DEEDS WCR 1/247 12.5% NEZ REHAB CERT #2004-0999 PARCEL #23002004.0999.
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Exterior
Exterior Amenities Lighting PrivateEntrance
Parking Features OneCarGarage Detached
Water Source Public
Foundation Details BrickMortar Slab
Spa N
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 242
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* Excluded Features
List By
Jerome Huez

Listing Agent

Berkshire Hathaway Homeservices The Loft Warehouse

Broker

(313) 693-3741

Phone

Affordability Calculator

$1,406
Per Month
98%
2%
0%
Monthly Principal & Interest
$1,382
Monthly Property Taxes
$24
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/11/2026$224,500 Listed Price

Map


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242 E PALMER Street # 3, Detroit, MI, 48202 is a Condo for sale at $224,500 with 950 sqft. 242 E PALMER Street # 3 has 2 bedrooms, 1.0 baths, and was built in 1912. The property's zip code is 48202 which is in Detroit, MI