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    109 Alexandrine St Detroit, MI 48201

    Sponsored
    For Sale
    $1,400,000

    Prime 0.34-acre commercial lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 0.34-acre commercial land parcel presents a unique investment opportunity in Detroit's thriving Midtown area. Located near the Detroit Medical Center (DMC), VA Hospital, and Children's Hospital, this strategically positioned property offers unparalleled access to a dense population base and significant employment centers. The site is ideally suited for institutional users seeking to develop a substantial building, with potential for up to 120,000 square feet across eight stories. Its dimensions measure approximately 100' x 150', providing ample space for a variety of development projects. The property benefits from its proximity to cultural attractions such as the Detroit Symphony Orchestra (DSO) Opera House and Detroit's only Whole Foods Market, enhancing its appeal and potential for attracting a diverse clientele. The area is experiencing unprecedented growth, fueled by billions of dollars in planned, ongoing, and completed projects, making this a timely investment in a rapidly evolving urban landscape. The site is zoned SD2 and is currently vacant. Parcel IDs are 02000834 and 02000835. Legal descriptions include: S W ALEXANDRINE 52SUB PT PK LOTS L1 P128 PLATS, W C R 2/108 50 X 151.10 and S ALEXANDRINE 53SUB PT PK LOTS L1 P128 PLATS, W C R 2/108 50 X 151.10. The asking price for this remarkable property is $1,400,000.

    Property Features for 109 Alexandrine St

    General Information

    Property type
    Land
    Lot Size
    14,810 SF

    HighLights

    • Midtown location ideal for institutional users.
    • .34‑acre vacant lot (100' x 150') suitable for an 8‑story, 120,000 SF building.
    • Excellent proximity to DMC, VA Hospital, Children's Hospital, Detroit Opera House, and Whole Foods.
    • Zoned SD2.
    • Legal Description: Parcels 02000834 & 02000835 (SW Alexandrine, 52 & 53 Sub Pt Pk Lots L1 P128 Plats, WCR 2/108, 50' x 151.10' each).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Spa & Massage Restaurant Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0617345
    Latitude
    42.3495155

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    FAQs

    What type of property is this?
    Land - Prime 0.34-acre commercial lot
    Where is this land located?
    The property is located at 109 Alexandrine St Detroit, MI.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Midtown location ideal for institutional users.; .34-acre vacant lot (100' x 150') suitable for an 8-story, 120,000 SF building.; Excellent proximity to DMC, VA Hospital, Children's Hospital, Detroit Opera House, and Whole Foods.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    109 Alexandrine St Detroit, MI 48201
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