Downtown Surface Parking
For Sale
Contact for pricing
Pending
1255 Broadway St, Detroit, MI 48226
Surface parking lot in Detroit’s Central Business District, zoned B5 and constrained by People Mover pillars.
Property Size4,056 SF
Lot Size0.09 Acres
Days on Market132
Property Features for 1255 Broadway St
General Information
Standard status
Pending
Size
4,056 SF
Lot size
0.09 Acres
Property subtype
Land
Zoning
B5
Additional Details
Highway Access
Yes
Listing Agency:
Summit Commercial LLC
Listed By:
Jerome Eagger · License #MI 6502357309
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Aug 19 at 11:00PM
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 Summit Commercial LLC
Investment Insights
Based on property information with market context.
This centrally located surface parking lot offers approximately 4,056 SF of paved parking. The site is zoned B5 (Major Business District), but it also contains two pillars for the People Mover tracks, which the listing states makes it not suitable for vertical development.
The lot is generally bounded by Gratiot Ave. to the north, Monroe St. to the south, Bates St. to the west, and Broadway St. to the east. Access is described as available to major expressways, including M-10, I-75, and I-94. The remarks further describe the site as within walking distance of Greektown, Campus Martius, Ford Field, and Comerica Park, as well as the Hilton Garden Inn.
Please note that the listing does not include the 2,163 SF on the corner of the surface parking lot.
The lot is generally bounded by Gratiot Ave. to the north, Monroe St. to the south, Bates St. to the west, and Broadway St. to the east. Access is described as available to major expressways, including M-10, I-75, and I-94. The remarks further describe the site as within walking distance of Greektown, Campus Martius, Ford Field, and Comerica Park, as well as the Hilton Garden Inn.
Please note that the listing does not include the 2,163 SF on the corner of the surface parking lot.
Key Highlights
- Surface parking lot in Detroit’s Central Business District, approx. 4,056 SF (per listing).
- Zoned B5 (Major Business District), with two pillars for the People Mover tracks on the site.
- Listing notes the property is not suitable for vertical development due to the People Mover pillars.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,753
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48226, MI
6,307
Population
5,160
Households
1.2
Avg Household Size
37
Median Age
53%
College-Educated
93%
High-School Grad
1.2 sq mi
ZIP Area
5,256
Density / Sq Mi
$69,813
Median Household Income
$60,957
Median Earnings
$1,714
Median Rent
$307,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Parking lot & garage - Surface parking lot in Detroit’s Central Business District, zoned B5 and constrained by People Mover pillars.
Where is this parking lot & garage located?
The property is located at 1255 Broadway St Detroit, MI.
What are key features of this property?
This property features: Surface parking lot in Detroit’s Central Business District, approx. 4,056 SF (per listing).; Zoned B5 (Major Business District), with two pillars for the People Mover tracks on the site.; Listing notes the property is not suitable for vertical development due to the People Mover pillars.
