Development Opportunity (Milwaukee Junction)

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30468869
Property Subtypes: Multi-Family
Status: Pending
Gross Land Area: 7,057 SF
Sale Price: $140,000
Unit Price: $19.84 PSF
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/26/2020

Overview / Comments

- Great Opportunity for Residential Development
- Amazing views of Downtown Skyline
- R5 Zoning (Multifamily)
- Vacant Land with a structure that needs to be demolished
- Property sits on Edsel Ford Service Drive and one block East of Woodward.
- Milwaukee Junction Area and immediately adjacent to Midtown, Techtown, and close proximity to New Center.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit - New Center
Tax ID/APN: 01001668.
Property Visibility: Excellent
Legal Description: N EDSEL FORD E 23 ALEXANDER C MCGRAWS L4 P92 PLATS, W C R 1/89 50 X 141.11
Site Description: Vacant Land in the Milwaukee Junction area.
Zoning Description: R5

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,800 159,429 408,787
Median Age: 34.93 36.11 35.06
Households: 8,296 66,452 155,013
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