Listing Agency: ICONIC Real Estate Show Phone

Listed By: Petar Elieff · License #MI 6501433306

Source: Crexi

Added: Oct 3, 2023 Changed: Aug 8 Last Checked: Aug 8 at 4:22AM

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Investment Insights

Based on property information with market context.

This 0.28-acre vacant land parcel is a corner lot zoned R2, allowing for the construction of one or two-family dwellings. The property is located 600 feet from Grand River Avenue and 0.3 miles from the I-94 freeway. It is situated in proximity to the CHN and Cinnaire Housing Community development. The seller is entertaining all offers.

Key Highlights

• R2 Zoning: Allows for one or two family dwellings.
• Vacant Land: Offers a blank canvas for immediate development.
• Corner Lot: Potentially provides increased visibility and accessibility.

Property Analytics

Property Profile

Current Use

Residential land & home ...

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Restaurant Big Box & Wholesale Store Spa & Massage Center

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

470

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

Questions? Ask Rey

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What type of property is this? Where is this residential land & home lots 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?

Residential land & home lot - 0.28 acre corner lot suitable for one or two-family dwellings.

Where is this residential land & home lot located?

The property is located at 5203 16th St Detroit, MI.

What is the asking price?

The asking price for this property is $30,000.

What are key features of this property?

This property features: R2 Zoning: Allows for one or two family dwellings.; Vacant Land: Offers a blank canvas for immediate development.; Corner Lot: Potentially provides increased visibility and accessibility.