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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

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. 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.

Property Facts Under Contract

Price $1,450,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Industrial
  • Office
  • Multifamily
  • Apartment Units
  • Apartment Units - Condo
Total Lot Size 0.94 AC
Opportunity Zone Yes

1 Lot Available

Lot

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.

Walk Score ®
Very Walkable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03-0017269
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$213,800

zoning

Zoning Code R-5 (Medium Density Residential District)
R-5 (Medium Density Residential District)
  • Listing ID: 30322231

  • Date on Market: 12/8/2023

  • Last Updated:

  • Address: 547 Harper Ave, Detroit, MI 48202

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