REDEVELOPMENT OPPORTUNITY 1.57 Acres Michigan Ave
Vacant Land
for Sale
| Catylist Listing ID: |
30843047 |
| Property Subtypes: |
Office, Retail, Retail-Pad
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| Gross Land Area: |
1.57 Acres
|
| Sale Price: |
$475,000 |
| Unit Price: |
$302,547 Per Acre |
| Sale Terms: |
Cash to Seller, Owner Financing, Build-to-Suit |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/16/2023 |
Overview / Comments
This is a great redevelopment site adjacent to the new Tractor Supply location. The site currently has a three unit apartment that is fully leased. The Michigan Avenue Corridor zoning allows for a variety of uses.
108 feet of frontage.
The site just east of the signalized intersection of Michigan Ave and Sheldon Road.
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Additional Details
| Nearest MSA: |
Detroit-Warren-Dearborn |
| County: |
Wayne |
| Submarket/Township: |
Airport District |
| Tax ID/APN: |
71-133-02-0040-009 |
| Zoning: |
C3 |
| Legal Description: |
34B40A2 THAT PART OF LOT 40 DESCRIBED AS BEG AT A POINT ON THE NLY LINE OF SAID LOT DIST N 81D 27M 30SEC E 92.0 FT THE NW COR OF LOT 40 AND PROCEEDING TH N 81D 27M 30SEC E ALONG SAID NLY LOT LINE 108.18 FT TH S 5D 28M 30SEC E 633.92 FT TO THE MOST EL |
| Feet of Frontage: |
108 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
5,775 |
67,287 |
185,844 |
| Median Age: |
36.59 |
36.35 |
37.55 |
| Households: |
2,147 |
24,470 |
74,006 |
|
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