Multi-Family Redevelopment Opportunity

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30183810
Property Subtypes: High-Rise
Status: Pending/Contingent
Number of Units: See Agent
Building Size (RSF): 234,544 SF
Gross Building Area: See Agent
Gross Land Area: 1.68 Acres
Sale Price: $350,000
Property Use Type: Vacant/Owner-User
Building Name: Former Lee Plaza Apartments
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/9/2018

Overview / Comments

Please view attached Marketing package for more information.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit W of Woodward
Taxing Authority: City of Detroit
Tax ID/APN: 10001037., 10001035-6, 10000966-9
Zoning: R-6
Property Located Between: Linwood and Lawton
Highway Access: Centrally located between I-96 and M-10, Close to I-94
Site Description: 2250 West Grand River and 2700 Ferry Park are also included in sale.
Area Description: Close proximity to Detroit’s LaSalle Gardens neighborhood.
Total Number of Buildings: 1
Number of Stories: 15
Year Built: 1928
Parking Description: Please view the "Potential Parking Diagram" in the attached Marketing Package.
Zoning Description: High Density Residential District

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,029 185,048 443,078
Median Age: 37.94 34.12 34.47
Households: 8,000 71,562 163,979
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