Listing Agency: Premiere Realty Group LLC h***@gmail.com Show Phone

Listed By: Nancy Cuddihy · License #6501352585 Show Phone

Source: Compass

Added: Mar 8 Changed: Aug 8 Last Checked: Jul 21 at 2:55AM

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Investment Insights

Based on property information with market context.

This residential land/home lot is offered for sale and is suited for building a new home. Public remarks indicate construction of new homes is underway in the surrounding area.

The property is located at 5123 Commonwealth Street in Detroit, MI 48208. It is presented as a buildable lot within an active neighborhood where additional new construction is taking place.

Property Analytics

Property Profile

Current Use

Residential land & home ...

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Electrical Service Acupuncture Plumbing Service 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

637

Businesses Nearby

Explore this area Business Placement

Demographics for 48208, MI

8,090

Population

5,226

Households

1.5

Avg Household Size

37

Median Age

27%

College-Educated

79%

High-School Grad

3.2 sq mi

ZIP Area

2,528

Density / Sq Mi

$29,742

Median Household Income

$39,526

Median Earnings

$842

Median Rent

$186,700

Median Home Value

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Frequently Asked Questions

What type of property is this?

Residential land & home lot - Residential land/home lot for sale in Detroit with new construction activity nearby.

Where is this residential land & home lot located?

The property is located at 5123 Commonwealth Street Detroit, MI.

What is the asking price?

The asking price for this property is $50,000.