PRIME REDEVELOPMENT OPPORTUNITY

Vacant Land for Sale
Catylist Listing ID: 30413631
Property Subtypes: Multi-Family, Retail, Other
Gross Land Area: 1.40 Acres
Sale Price: $1,250,000
Unit Price: $892,857 Per Acre
Sale Terms: Undisclosed, Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/27/2019

Overview / Comments

This property is the Crown Jewel of E. Jefferson-Chalmers. Property has just over 600 ft. of water frontage, and sits directly across from the Mariner's Park. Direct access is available to the Detroit River and beautiful Lake St. Clair. This is an opportunity for redevelopment on almost 1.4 acres of land, and within a neighborhood that is seeing revitalization throughout!

You will never find another available property like this one.

Attachments & Media

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: The Pointes / Harper Woods
Taxing Authority: City of Detroit
Tax ID/APN: 21000130; 21000131; 21000132; 21000133; 21000134-5; 21000136; 21000137; 21000138; 21000139; 21000140; 21000141; 21000142; and 21000143
Zoning: B-4
Property Located Between: South of E. Jefferson and West of Alter Road.
Property Visibility: Excellent
Legal Description: Located in the North Riverside LIghthouse Sub.
Largest Nearby Street: E. Jefferson Avenue
Feet of Frontage: 600
Highway Access: I-75; I-94; and Lodge Freeway.
Airports: City Airport and Metropolitan
Area Description: E. Jefferson-Chalmers is undergoing a lot of revitalization. This is an up and coming neighborhood with rich history and great opportunities.
Zoning Description: According to the city,, this area is master planned for mixed use.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,515 64,450 177,577
Median Age: 38.85 38.64 36.72
Households: 2,942 25,334 67,317

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