Prime Location for Residential Redevelopment

Vacant Land for Sale
Catylist Listing ID: 30048302
Property Subtypes: Multi-Family, Residential (Single Family)
Gross Land Area: 12,458 SF
Sale Price: $90,000
Unit Price: $7.22 PSF
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/28/2017

Overview / Comments

Awesome residential redevelopment opportunity in the heart of the New Center area. Two separate single family homes together for a package deal. Located one block east of Woodward and one block north of the new Penske Tech Center, the home of the M-1 Rail.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Taxing Authority: City of Detroit
Tax ID/APN: 01002279 and 01002280
Zoning: LOW DENSITY RESIDENTIAL DISTRICT
Property Located Between: John R. and Brush St.
Legal Description: N CHANDLER 83 CHANDLER AVE SUB L13, P96, PLATS, W C R 1/106 50 X 125 (251 Chandler) N CHANDLER 82 CHANDLER AVE SUB L13, P96, PLATS, W C R 1/106 50 X 125 (261 Chandler)
Largest Nearby Street: Woodward Ave.
Feet of Frontage: 100
Lot Frontage: 100
Lot Depth: 125
Zoning Description: Low density residential district
Easements: Utilities
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,723 169,545 450,015
Median Age: 38.75 36.24 35.07
Households: 7,713 69,849 170,555

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