Listing Agency: Clyde Realty LLC

Listed By: Alex Lauer · License #MI Show Phone

Source: Crexi

Added: Jan 20, 2024 Changed: Sep 5 Last Checked: Sep 14 at 8:02AM

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Investment Insights

Based on property information with market context.

This vacant lot is located in the developing Island View area and is zoned M3 Industrial. The property is part of a package deal that includes other parcels. It is situated minutes away from Belle Isle, downtown Detroit, and West Village.

Key Highlights

• Well‑located vacant lot in Island View
• Zoned M3 Industrial
• Package deal available with other parcels

Property Analytics

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Current Use

Industrial land

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Dental Office Nail Salon Hair 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

464

Businesses Nearby

Explore this area Business Placement

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 Industrial in Detroit, MI

3% 2019

4.2% 2020

2.5% 2021

2.4% 2022

3% 2023

3.4% 2024

3.7% 2025

Questions? Ask Rey

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What type of property is this? Where is this industrial land located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Industrial land - Vacant M3-zoned industrial lot in Island View neighborhood.

Where is this industrial land located?

The property is located at 3641 Meldrum St Detroit, MI.

What are key features of this property?

This property features: Well‑located vacant lot in Island View; Zoned M3 Industrial; Package deal available with other parcels