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547 Harper Ave
0.94 Acres of Commercial Land Offered at $1,450,000 in Detroit, MI 48202
Investment Highlights
- 0.94-acre lot for multi-family or industrial development
- The site can be expanded to include most of the city block.
- New development surrounds property including an EV Battery Plant, 400-Unit Mixed-development, 161-Unit Loft, and new HQ for Detroit PBS.
- Adjacent land from Detroit Land Bank available for purchase.
- High-visibility from I-94 and I-75.
- City & State incentives for development
Executive Summary
Property Facts Under Contract
Price | $1,450,000 | Property Subtype | Commercial |
Sale Type | Investment | Proposed Use | |
No. Lots | 1 | Total Lot Size | 0.94 AC |
Property Type | Land | Opportunity Zone |
Yes
|
Price | $1,450,000 |
Sale Type | Investment |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Commercial |
Proposed Use | |
Total Lot Size | 0.94 AC |
Opportunity Zone |
Yes |
1 Lot Available
Lot
Price | $1,450,000 | Lot Size | 0.94 AC |
Price Per AC | $1,542,553 |
Price | $1,450,000 |
Price Per AC | $1,542,553 |
Lot Size | 0.94 AC |
Prime 0.94-acre property in the heart of Milwaukee Junction, Detroit's hottest-growing neighborhood! With the option to expand the site by acquiring adjacent land from the Detroit Land Bank and its favorable proximity to major highways I-75 and I-94.
Description
Unlock the potential of this prime 0.94-acre property in the heart of Milwaukee Junction, Detroit's hottest-growing neighborhood! Zoned for commercial use and strategically situated within the dynamic Detroit area, this expansive property offers an exceptional investment opportunity for multifamily investors. With the option to expand the site by acquiring adjacent land from the Detroit Land Bank and its favorable proximity to major highways I-75 and I-94, this location offers unparalleled flexibility and convenience. Boasting a vibrant, walkable neighborhood featuring an array of restaurants and bars, as well as easy access to the QLINE streetcar system, this property is primed for lucrative development. Benefit from city and state incentives while seizing the potential of this strategically positioned investment opportunity. Discover the thriving investment potential in the dynamic Milwaukee Junction neighborhood in the Detroit market. Boasting a vibrant arts and culture scene, top-tier educational institutions, close proximity to major medical centers, and at the crosshair of I-75 and I-94, the area offers a compelling narrative for multifamily investors. This historic neighborhood has seen a resurgence of interest and investment, leading to various adaptive reuse projects aimed at transforming old industrial buildings into offices, residential lofts, retail spaces, and artist studios. This preservation of historic architecture not only adds character to the neighborhood but also attracts businesses and residents looking for unique spaces. With its strategic location and diverse attractions, the area presents an exciting opportunity for investors seeking to capitalize on the resurgence of this iconic American city.
PROPERTY TAXES
Parcel Number | 03-0017269 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $213,800 |
PROPERTY TAXES
zoning
Zoning Code | R-5 (Medium Density Residential District) |
R-5 (Medium Density Residential District) |
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547 Harper Ave
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