Property profile

2700 Chicago Blvd Detroit, MI 48206

OFF-MARKET
Land
0.96 ac lot
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Property summary

AI-generated overview

This exceptional 0.96-acre development site presents a unique opportunity in Detroit, Michigan. Located at 2700 Chicago Boulevard, this 41,730+ square foot lot (approximately 390' x 170') boasts a highly desirable R6 zoning designation. This zoning permits high-density multiple-dwelling development, including a wide range of residential accommodations, from low to very high density, along with certain specified service and convenience-type commercial uses. The property's strategic location directly across from Sacred Heart Major Seminary and a half block from the Boston Edison Historic District offers unparalleled access to established infrastructure and a vibrant community. The asking price is $200,000, and the property's parcel number (APN) is 10002707-9. This site is ideally suited for developers seeking to capitalize on the growing demand for residential units in a prime Detroit location, offering significant potential for a lucrative high-density residential project. The R6 zoning allows for a diverse range of residential uses, making this a versatile and attractive investment opportunity. The property's dimensions and location provide ample space for a substantial development project. This is a rare chance to acquire a large, well-located parcel in a thriving area of Detroit.

Property profile

Verified
Property type Land
Lot 0.96 ac (41,818 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2700 Chicago Blvd Detroit, MI 48206
Detroit metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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