Mixed-Use Property with Vacant
For Sale
$200,000
2532 Michigan Ave, Detroit, MI 48216
Property includes two storefronts, two residential units, and additional vacant land with alley access.
Days on Market94
Property Features for 2532 Michigan Ave
General Information
Standard status
Active
Property subtype
Land
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Listing Agency:
EXP Realty Main
(313) 303-6125
Listed By:
Noor M Elmoussaoui · License #6501446607
(313) 303-6125
Source:
Elliman
Added: Apr 28
Changed: Jul 22
Last Checked: Jul 30 at 6:33AM
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 EXP Realty Main
Investment Insights
Based on property information with market context.
This mixed-use property on Michigan Avenue in Corktown includes two commercial storefronts, two residential units, and additional vacant land. The included vacant land is described as a privately fenced lot with alley access, providing flexibility for parking, tenant amenities, or future development.
The seller remarks that the site is positioned near Michigan Central Station and the future Detroit City Football Club Stadium, and surrounded by nearby restaurants, bars, and retail.
The property is being sold only as a package with 2526, 2538, and 2544 Michigan Avenue for a single total price. All measurements are estimated and Buyer is to verify all information (BATVAI). The seller also requires the buyer’s agent to be present for all showings.
The seller remarks that the site is positioned near Michigan Central Station and the future Detroit City Football Club Stadium, and surrounded by nearby restaurants, bars, and retail.
The property is being sold only as a package with 2526, 2538, and 2544 Michigan Avenue for a single total price. All measurements are estimated and Buyer is to verify all information (BATVAI). The seller also requires the buyer’s agent to be present for all showings.
Key Highlights
- Mixed‑use property on Michigan Avenue with 2 commercial storefronts and 2 residential units
- Includes additional vacant land with a privately fenced lot and alley access
- Sold only as a package with 2526, 2538, and 2544 Michigan Avenue for a total price of $2,000,000
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
620
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48216, MI
5,031
Population
3,398
Households
1.5
Avg Household Size
35
Median Age
37%
College-Educated
87%
High-School Grad
2.3 sq mi
ZIP Area
2,187
Density / Sq Mi
$42,278
Median Household Income
$42,189
Median Earnings
$860
Median Rent
$225,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Storefront property - Property includes two storefronts, two residential units, and additional vacant land with alley access.
Where is this storefront property located?
The property is located at 2532 Michigan Ave Detroit, MI.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Mixed‑use property on Michigan Avenue with 2 commercial storefronts and 2 residential units; Includes additional vacant land with a privately fenced lot and alley access; Sold only as a package with 2526, 2538, and 2544 Michigan Avenue for a total price of $2,000,000
