2700 Chicago Blvd, Detroit, MI 48206
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.