Property profile

66 Baltimore Ave Detroit, MI 48202

OFF-MARKET
Land
0.97 ac lot
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Property summary

AI-generated overview

This exceptional 0.97-acre site, located at 66 E Baltimore Ave in Detroit, Michigan (zip code 48202), presents a unique investment opportunity. Situated in the thriving Milwaukee Junction neighborhood, just one block from Woodward Avenue between Midtown and New Center, this property boasts a highly desirable SD-2 zoning designation. This flexible zoning allows for a wide range of development possibilities, including retail, office, residential, and multi-family projects, making it ideal for a mixed-use development. The location offers unparalleled proximity to key institutions, including the College for Creative Studies, Wayne State University, Henry Ford Hospital, and the Detroit Medical Center. This strategic positioning within a Qualified Opportunity Zone further enhances its investment appeal. The asking price for this exceptional parcel is $800,000. An additional 0.25-acre parcel is also available for purchase nearby, providing potential for expansion. The property's APN is 01004273.002. This is a rare chance to acquire a significant land holding in a rapidly developing area of Detroit with excellent access to major transportation routes and a wealth of amenities.

Property profile

Verified
Property type Land
Lot 0.97 ac (42,253 SF)

Cap rate & NOI

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

Location

66 Baltimore Ave Detroit, MI 48202
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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