Mid-Town Detroit Development Opportunity

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30136878
Property Subtypes: Multi-Family, Office, Retail, Retail-Pad, Other
Status: Pending
Gross Land Area: 14,250 SF
Sale Price: $230,000
Unit Price: $16.14 PSF
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/26/2020

Overview / Comments

- Prime Midtown Detroit Development Opportunity
- In walking distance to Woodward Ave.
- Locating in close proximity to the Q-Line, Arena District, Motor City Casino, DMC, and countless other retail and mixed use developments.
- City owned property
- All interest parties must submit City of Detroit Purchase Application
- Sale of land will be subject to City of Detroit Development Agreement

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit - New Center
Taxing Authority: City of Detroit
Tax ID/APN: 02000707.
Property Located Between: Cass Ave. & Second Ave.
Property Visibility: Excellent
Legal Description: N PETERBORO E 25 FT 22 23 BLK 87--PLAT PT CASS FARM L1 P172 PLATS, W C R 2/72 75 X 190
Largest Nearby Street: Woodward Ave.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,935 125,817 331,601
Median Age: 36.94 36.86 34.86
Households: 11,263 54,071 127,530
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