Listing Agency: COMMUNITY CHOICE REALTY INC. t***@yahoo.com Show Phone

Listed By: Diana Mamo Show Phone

Source: Elliman

Added: Apr 21 Changed: Aug 8 Last Checked: Aug 8 at 3:00PM

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Investment Insights

Based on property information with market context.

This 1.54-acre vacant land presents a development opportunity for a high-profit subdivision. The property is located in a desirable area and is suited for developers looking to build a new construction condo complex. The site has received a rezoning notice from RM to RH zoning and site plan approval for the construction of seven two-unit condominium buildings, totaling 14 individual condo units. Architectural drawings and design plans have been completed and approved by the city and are available upon request. The existing house can be used as a construction office during the construction phase. The location has a walk score of 39, indicating car dependence, and a bike score of 40, indicating it is somewhat bikeable.

Property Analytics

Property Profile

Current Use

Residential land & home ...

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Daycare Center Skin Care Clinic Law Firm Accounting Firm

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

689

Businesses Nearby

Explore this area Business Placement

Demographics for 48026, MI

14,726

Population

6,778

Households

2.2

Avg Household Size

44

Median Age

21%

College-Educated

91%

High-School Grad

4.1 sq mi

ZIP Area

3,592

Density / Sq Mi

$61,118

Median Household Income

$40,198

Median Earnings

$827

Median Rent

$193,600

Median Home Value

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Frequently Asked Questions

What type of property is this?

Residential land & home lot - 1.54-acre vacant land approved for 14-unit condo development.

Where is this residential land & home lot located?

The property is located at 33420 Utica Rd Fraser, MI.

What is the asking price?

The asking price for this property is $385,000.