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Industrial Land Development Opportunity

6300 E VERNOR Highway, Detroit, MI 48207

For Sale
$165,000
Pending

Four lots totaling 0.45 acres for development.

Property SizeContact for details
Days on Market3186

Property Features for 6300 E VERNOR Highway

General Information

Standard status Pending
Property subtype Lots/Land

Site & Location

Neighborhood Islandview

Taxes and HOA fees

Annual Taxes $635
Listing Agency: Movoto Inc
Listed By: Pierre LeBlanc · License MI #6501308444
Source: Exitrealty
Added: Feb 20, 2018 Changed: Nov 9 Last Checked: Oct 23 at 5:52AM

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 Movoto Inc

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This property features four lots totaling 19,602 square feet, or 0.45 acres, presenting a development opportunity at the corner of MT Elliot and E Vernor. Site layouts are available for review. The zoning is M2- Restricted Industrial District, offering options for businesses.

Key Highlights

  • Large combined lot size: 19,602 SF or .45 acres.
  • Development opportunity.
  • Zoned M2- Restricted Industrial District.

Property Analytics

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

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Building Supply Parking Lot & Garage HVAC Service

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

411
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Properties on Market for Land in Detroit

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Land - Four lots totaling 0.45 acres for development.
Where is this land located?
The property is located at 6300 E VERNOR Highway Detroit, MI.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Large combined lot size: 19,602 SF or .45 acres.; Development opportunity.; Zoned M2- Restricted Industrial District.
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Includes: Price & PSF · Cap rate · Location · Zoning

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