1727 MERRICK Avenue Detroit, MI 48208

Listing agent James Bufalino License #6501313711 Show Phone

Listing office Premier Property Services LLC j***@ppsam.com 19822 Mack Avenue, Grosse Pointe Woods, MI Show Phone

Listing date Nov 1, 2019

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MLS# 219108113 Listing URL

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Investment Insights

Based on property information with market context.

Located in the highly desired Woodbridge Neighborhood of Detroit, Michigan, are nine adjacent vacant land parcels. The combined lot sizes total 1.09 acres. Situated at the corner of Merrick & Avery, the property features approximately 299 feet of frontage on Merrick and 230 feet on Avery. The parcels included in the sale are located at 1825, 1819, 1813, 1807, 1803, 1749, 1727 Merrick and 5135, 5141 Avery. The location is within walking distance of Wayne State University and the Medical Center. The current zoning is R2. A new build proposal is required with any offer. The purchaser must present construction plans or precedent architectural images of the proposed development. Purchase is open to homeowners, investors, and developers. The seller requires a feasible financing plan for the total development costs and proof of funds for the equity involved in the financing. A Seller Purchase and Development Agreement will be provided upon acceptance of a qualifying offer. Development proposal guidelines are attached to the listing.

Key Highlights

• Prime location in the highly desired Woodbridge Neighborhood
• Walkable to Wayne State University and Medical Center
• Large combined lot size of 1.09 acres

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FAQs

What type of property is this?

Residential land & home lot - Nine adjacent land parcels in Detroit's Woodbridge neighborhood.

Where is this residential land & home lot located?

The property is located at 1727 MERRICK Avenue Detroit, MI.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: Prime location in the highly desired Woodbridge Neighborhood; Walkable to Wayne State University and Medical Center; Large combined lot size of 1.09 acres