Listing Agency: Gerdom Realty & Investment m***@gerdomrealty.com Show Phone

Listed By: Michael Murphy · License #6501389134

Source: Crexi

Added: Aug 23, 2024 Changed: Aug 8 Last Checked: Aug 17 at 9:10AM

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Investment Insights

Based on property information with market context.

This 0.87 AC commercial land is located on Woodward Avenue, a few minutes from downtown Detroit. The property is situated just south of the Davison (M-8) and features almost 200 FT of frontage on Woodward Avenue. The surrounding area includes retailers such as Aldi, Forman Mills, Dollar Tree, and Dollar General. This property is suitable for retail or office development.

Property Analytics

Property Profile

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Dental Office Hair Salon Spa & Massage Center Nail Salon Kitchen & Bath Showroom

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

376

Businesses Nearby

Explore this area Business Placement

Demographics for 48203, MI

22,168

Population

13,591

Households

1.6

Avg Household Size

39

Median Age

19%

College-Educated

85%

High-School Grad

8.2 sq mi

ZIP Area

2,703

Density / Sq Mi

$35,108

Median Household Income

$28,364

Median Earnings

$799

Median Rent

$76,100

Median Home Value

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Frequently Asked Questions

What type of property is this?

Commercial land - 0.87 AC commercial land near downtown Detroit.

Where is this commercial land located?

The property is located at 12921 Woodward Ave Highland Park, MI.

What is the asking price?

The asking price for this property is $1,050,000.