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Commercial Land with Brick Building
New
For Sale
$350,000

2500 Alter Road, Detroit, MI 48215

PD zoning and a brick structure with plumbing and electrical service are part of the site.

Property Size1,420 SF
Price / SF$246.48
Days on Market6

Property Features for 2500 Alter Road

General Information

Standard status Active
Size 1,420 SF
Property subtype Commercial

Site & Location

Neighborhood Riverbend

Building Details

Building Size 1,420 SF
Year Built 1924
Listing Agency: Sine & Monaghan LLC
Listed By: Michael DeFauw · License #6501387091
Source: Homeflexrealty
Added: Oct 26 Last Checked: Oct 30 at 6:59AM

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 Sine & Monaghan LLC

Rey
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Investment Insights

Based on property information with market context.

This commercial land offering comprises seven lots, including six adjoining parcels and one separate lot. A brick structure on one parcel dates to 1924 and has plumbing and electrical utilities. The property is zoned PD - Planned Development Development.

The site borders Grosse Pointe Park and is located at 2500 Alter Road in Detroit. Its parcel arrangement includes a connected development area as well as an additional lot apart from that group.

Key Highlights

  • Seven lots, with six contiguous parcels and one additional lot
  • PD - Planned Development Development zoning
  • Brick structure on one lot, built in 1924

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Suggested Use

Top Pick Parking Lot & Garage Dental Office HVAC Service (Bike/Boat/Book/etc) Store Furniture & Home Goods Nail Salon

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

784
Businesses Nearby

Demographics for 48215, MI

10,520
Population
6,044
Households
1.7
Avg Household Size
41
Median Age
19%
College-Educated
85%
High-School Grad
3.9 sq mi
ZIP Area
2,697
Density / Sq Mi
$33,741
Median Household Income
$36,728
Median Earnings
$897
Median Rent
$105,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Commercial land - PD zoning and a brick structure with plumbing and electrical service are part of the site.
Where is this commercial land located?
The property is located at 2500 Alter Road Detroit, MI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Seven lots, with six contiguous parcels and one additional lot; PD - Planned Development Development zoning; Brick structure on one lot, built in 1924
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Includes: Price & PSF · Cap rate · Location · Zoning

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