Detroit Multifamily Development
For Sale
Contact for pricing
1098 Waterman Street, Detroit, MI 48209
Vacant lot zoned for multifamily development near Gordie Howe Bridge.
Property SizeContact for details
Days on Market157
Property Features for 1098 Waterman Street
General Information
Standard status
Active
Property subtype
Land, Multifamily
Listing Agency:
@Properties
(810) 923-0245
Listed By:
Randi Brandt-Alves · License #6501401483
Source:
Crexi
Added: Mar 8
Changed: Aug 8
Last Checked: Jul 15 at 9:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of @Properties
Investment Insights
Based on property information with market context.
This vacant lot presents a multifamily development opportunity in Southwest Detroit, near the Gordie Howe International Bridge. Zoned for multi-family use, the property is suitable for income-producing residential development. The location offers convenient access to major freeways, international border crossings, downtown Detroit, neighborhood restaurants, parks, and community amenities. The surrounding area is experiencing revitalization and demand for housing, making this a location poised for long-term value.
Key Highlights
- Prime location in rapidly growing Southwest Detroit corridor near the Gordie Howe International Bridge.
- Zoned for multi‑family development, ideal for income‑producing residential projects.
- High‑growth location poised for long‑term value due to continued investment in the surrounding area.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
552
Businesses Nearby
Explore this area
Business Placement
Demographics for 48209, MI
27,096
Population
11,020
Households
2.5
Avg Household Size
30
Median Age
10%
College-Educated
61%
High-School Grad
6.8 sq mi
ZIP Area
3,985
Density / Sq Mi
$42,152
Median Household Income
$30,091
Median Earnings
$843
Median Rent
$82,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - Vacant lot zoned for multifamily development near Gordie Howe Bridge.
Where is this land located?
The property is located at 1098 Waterman Street Detroit, MI.
What is the asking price?
The asking price for this property is $50,000.
What are key features of this property?
This property features: Prime location in rapidly growing Southwest Detroit corridor near the Gordie Howe International Bridge.; Zoned for multi‑family development, ideal for income‑producing residential projects.; High‑growth location poised for long‑term value due to continued investment in the surrounding area.
