Listing Agency: Movoto Inc

Listed By: Pierre LeBlanc · License #6501308444 Show Phone

Source: Exitrealty

Added: Jan 24, 2018 Changed: Sep 1 Last Checked: Sep 15 at 5:13AM

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Investment Insights

Based on property information with market context.

This property features four lots totaling 19,602 square feet, or 0.45 acres, presenting a development opportunity at the corner of MT Elliot and E Vernor. Site layouts are available for review. The zoning is M2- Restricted Industrial District, offering options for businesses.

Key Highlights

• Large combined lot size: 19,602 SF or .45 acres.
• Development opportunity.
• Zoned M2- Restricted Industrial District.

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Building Supply Parking Lot & Garage HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

411

Businesses Nearby

Explore this area Business Placement

Demographics for 48207, MI

21,704

Population

13,026

Households

1.7

Avg Household Size

42

Median Age

35%

College-Educated

88%

High-School Grad

6.3 sq mi

ZIP Area

3,445

Density / Sq Mi

$44,561

Median Household Income

$43,377

Median Earnings

$1,040

Median Rent

$193,800

Median Home Value

Market

Vacancy Rate% for Industrial in Detroit, MI

3% 2019

4.2% 2020

2.5% 2021

2.4% 2022

3% 2023

3.4% 2024

3.7% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this land located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Land - Four lots totaling 0.45 acres for development.

Where is this land located?

The property is located at 6300 E VERNOR Highway Detroit, MI.

What is the asking price?

The asking price for this property is $165,000.

What are key features of this property?

This property features: Large combined lot size: 19,602 SF or .45 acres.; Development opportunity.; Zoned M2- Restricted Industrial District.