Commercial Land & Retail
For Sale
Contact for pricing
20500 Schoolcraft, Detroit, MI 48226
Two-parcel bundle in Detroit includes a commercial structure and an adjacent vacant lot in a commercial zoning district.
Property Size6,468 SF
Price / SF$6.96
Days on Market144
Property Features for 20500 Schoolcraft
General Information
Standard status
Active
Size
6,468 SF
Property subtype
Land, Retail
Listing Agency:
Encore Real Estate Investment Services
Listed By:
Kishon Harbert · License #MI 6501402939
(313) 919-1935
Source:
Crexi
Added: Apr 17
Changed: Aug 31
Last Checked: Sep 7 at 7:43AM
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 Encore Real Estate Investment Services
Investment Insights
Based on property information with market context.
This two-parcel bundle offers a commercial structure along with an adjacent vacant lot. The combined offering provides flexible options for retail, office, service-based operations, or new construction within a commercial district, with the vacant parcel positioned for development uses.
The properties are located at 20500 Schoolcraft in Detroit, with access to major roads and surrounding amenities described as convenient in the public remarks.
Sale is contingent upon execution of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership, which may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after DLBA review of the development pro forma and financing.
The properties are located at 20500 Schoolcraft in Detroit, with access to major roads and surrounding amenities described as convenient in the public remarks.
Sale is contingent upon execution of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership, which may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after DLBA review of the development pro forma and financing.
Key Highlights
- Two‑parcel bundle in Detroit includes a commercial structure plus an adjacent vacant lot.
- Vacant lot is located in a commercial zoning district, offering flexibility for potential uses.
- Property is positioned for access to major roads and surrounding amenities in an active commercial district.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
13k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Citgo
Shops & Services
7,412 visits/mo
0.3 miles
Exxon
Shops & Services
5,536 visits/mo
0.3 miles
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
Market
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Two-parcel bundle in Detroit includes a commercial structure and an adjacent vacant lot in a commercial zoning district.
Where is this commercial land located?
The property is located at 20500 Schoolcraft Detroit, MI.
What is the asking price?
The asking price for this property is $45,000.
What are key features of this property?
This property features: Two‑parcel bundle in Detroit includes a commercial structure plus an adjacent vacant lot.; Vacant lot is located in a commercial zoning district, offering flexibility for potential uses.; Property is positioned for access to major roads and surrounding amenities in an active commercial district.
