Prime Development Opportunity in Midtown - Cass Park

Vacant Land for Sale
Catylist Listing ID: 30497374
Property Subtypes: Hospitality, Office, Retail, Other
Gross Land Area: 37,500 SF
Sale Price: $1,312,500
Unit Price: $35 PSF
In Opportunity Zone? Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/18/2019

Overview / Comments

In partnership with the Detroit Building Authority (DBA), the City of Detroit’s Housing and Revitalization Department (HRD) and Planning and Development Department (P&DD) seek submissions from qualified entities to design and construct a new commercial development in the heart of the Cass Park neighborhood. Bid Information can be found in the Marketing Package attached. Bids are due by Friday, January 31st, 2020 @ 5:00pm.*

* HRD maintains the right to extend the above deadline at its sole discretion.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit - New Center
Taxing Authority: City of Detroit
Tax ID/APN: 04003382., 04003380-1, 04003379., 04000595.
Zoning: B4
Property Located Between: Peterboro and Charlotte
Property Visibility: Excellent
Legal Description: E THIRD 5 BLK 86 CASS FARM L1 P172 PLATS, W C R 4/28 50 X 150 E THIRD 4 BLK 86 CASS FARM L1 P172 PLATS, W C R 4/28 50 X 150 E THIRD 3 BLK 86 CASS FARM L1 P172 PLATS, W C R 4/28 50 X 150 N CHARLOTTE 1-2 BLK 86 CASS FARM SUB L1 P172 PLATS, W C R 4/28 150 X 100
Largest Nearby Street: 3rd St
Feet of Frontage: 300
Highway Access: M-10, I-75, and I-94
Area Description: - Centrally between Midtown and the District Detroit - Two blocks off of Woodward - Two blocks from QLine (Light Rail) - Close Proximity to numerous retailers
Lot Frontage: 300
Lot Depth: 150
Zoning Description: General Business District
Part of Planned Development?: Yes

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,640 123,632 328,652
Median Age: 38.43 36.54 34.86
Households: 9,443 53,364 126,358
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.