Re-Development Opportunity - City Surplus Vacant Land

Vacant Land for Sale
Catylist Listing ID: 29979421
Property Subtypes: Agricultural, Multi-Family, Residential (Single Family), Other
Gross Land Area: 5.80 Acres
Sale Price: $395,000
Unit Price: $68,103 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/12/2017

Overview / Comments

- Unique re-development opportunity
- Approx. 6 contiguous acres along the I-96 cooridor
- Easy Freeway Access
- Close proximity to Grand River Ave. and Livernois Ave.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit W of Woodward
Taxing Authority: City of Detroit
Tax ID/APN: 16005553.
Zoning: MEDIUM DENSITY RESIDENTIAL
Property Located Between: I-96 & Grand River Ave.
Property Visibility: Excellent
Legal Description: - N WEBB 11 THRU 13 16 THRU 18 25 THRU 27 AND VAC TUXEDO AVE ADJ AND VAC ALLEY ADJ EXC FREEWAY AS OP EVERGREEN SUB L29 P49 PLATS, W C R 16/203 297.18 IRREG
Largest Nearby Street: I-96 & Grand River Ave.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,626 217,406 535,721
Median Age: 38.14 34.67 34.59
Households: 9,515 78,786 197,817

Source

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