17150-17218 Schaefer Hwy Detroit, MI 48235
- Land
- 0.87 lot acres
Current Use by Public Records
- Land
Property Details for 17150-17218 Schaefer Hwy
- Lot size
- 0.87 lot acres
- Property type
- Land
Description
This exceptional 0.87-acre commercial land parcel, located at 17150-17218 Schaefer Highway in Detroit, Michigan, presents a unique redevelopment opportunity. Situated in Wayne County, zip code 48235, this property is ideally positioned across from the prestigious DMC Sinai Grace Hospital. The asking price is $799,000. This prime location offers significant potential for various development projects, catering to the high demand in this thriving area. With a substantial population of over 194,000 within a three-mile radius, boasting an average household income of $45,189 and an average home value of $110,259, this neighborhood demonstrates strong economic vitality. Preliminary plans exist for a 5,610 square foot medical office building, showcasing the site's suitability for such ventures. The property's size and location make it an attractive investment for developers seeking to capitalize on Detroit's flourishing market. This is a blank canvas ready for transformation into a remarkable development project. The property's coordinates are latitude 42.4175074 and longitude -83.1795123. This is a rare opportunity to acquire a significant land holding in a high-demand area of Detroit.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1795
- Latitude
- 42.4175
