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Detroit Parking Lot Opportunity
For Sale
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3101 Franklin St, Detroit, MI 48207

Prime parking lot in thriving Detroit area for sale.

Property SizeContact for details
Days on Market141

Property Features for 3101 Franklin St

General Information

Standard status Active
Property subtype Land
Zoning Commercial
Listing Agency: Exclusive Realty
Listed By: Steve Sagmani · License #MI 6502426558
Source: Crexi
Added: Mar 26 Changed: Aug 12 Last Checked: Aug 12 at 2:07PM

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 Exclusive Realty

Investment Insights

Based on property information with market context.

This parking lot is located in the Detroit area. The property spans across 3101, 3105, and 3113 Franklin Avenue. The site offers potential for a range of development projects and land utilization, capitalizing on the growth and opportunities presented by the Detroit area.

Key Highlights

  • Prime location in the thriving Detroit area.
  • Expansive site spanning 3101, 3105, and 3113 Franklin Avenue.
  • Unparalleled opportunity for Land and Other investors.

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick HVAC Service Daycare Center Electrical Service (Bike/Boat/Book/etc) Store Garden Center Bakery

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

935
Businesses Nearby
90k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 60% Groceries 13% Dining 12% Electronics 5%
BP Shops & Services
16,443 visits/mo 0.2 miles
Dollar Tree Shops & Services
14,548 visits/mo 0.1 miles
Gordon Food Service Groceries
11,680 visits/mo 0.1 miles
7-Eleven Shops & Services
10,036 visits/mo 0.2 miles
SUBWAY Dining
4,718 visits/mo 0.4 miles

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 Retail in Detroit, MI

7.5% 2019
9.2% 2020
8.5% 2021
7.3% 2022
7.9% 2023
7% 2024
7% 2025
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Prime parking lot in thriving Detroit area for sale.
Where is this commercial land located?
The property is located at 3101 Franklin St Detroit, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Prime location in the thriving Detroit area.; Expansive site spanning 3101, 3105, and 3113 Franklin Avenue.; Unparalleled opportunity for Land and Other investors.
(248) 833-6601 Call to check price and availability
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