Gratiot Ave. Development Opportunity

Vacant Land for Sale
Catylist Listing ID: 29993097
Property Subtypes: Multi-Family, Office, Retail, Other
Gross Land Area: 11,600 SF
Sale Price: $31,900
Unit Price: $2.75 PSF
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/22/2017

Overview / Comments

Three adjacent parcels on Gratiot Ave. 8445,8451,8457 Gratiot
Close proximity to I-94
High visibility site
Approx. 5 min Drive to Downtown

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: CBD
Taxing Authority: City of Detroit
Tax ID/APN: 17000722.,17000723.,17000724.
Zoning: GENERAL BUSINESS DISTRICT
Property Located Between: Corner of Gratiot and Seneca
Property Visibility: Excellent
Legal Description: N GRATIOT 32&33 BLKS 18 STEPHENS ELM PARK SUB L19 P12 PLATS, W C R 17/125 40 X 100 N GRATIOT 34 BLK 18 STEPHENS ELM PARK SUB L19 P12 PLATS, W C R 17/125 20 X 100 N GRATIOT 35 BLK 18 STEPHENS ELM PARK SUB L19 P12 PLATS, W C R 17/125 20 IRREG
Largest Nearby Street: Van Dyke Ave.
Highway Access: Close proximity to I-94
Site Description: Paved vacant lot

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,285 153,088 410,974
Median Age: 38.31 35.36 34.75
Households: 6,086 58,681 156,526

Source

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