0 Alter Rd Detroit, MI 48215
This exceptional 36,000 square foot development site is located in Detroit, Michigan, at 2170-2500 Alter Road, bordering Grosse Pointe Park. The property boasts a Planned Development (PD) zoning designation, offering significant flexibility for various commercial or industrial projects. Situated near the Grosse Pointe Park shopping district, this prime location provides convenient access to Jefferson Avenue, Mack Avenue, and I-94, ensuring excellent connectivity. The area is thriving, with nearby established businesses including Atwater Brewery, The Bricks Pizzeria, Cellar 313, Coriander Children's Bookstore, Zealous Root, Excalibur, and The Charlevoix. The City of Grosse Pointe Park is actively reviewing proposals for this property on a monthly basis. Additional adjacent lots may be considered to expand the development footprint. This presents a unique opportunity for developers seeking a strategically located parcel in a vibrant and growing area. The property's address is 2170 Alter Rd, Detroit, MI 48215, and is conveniently located in Wayne County. The site is approximately 36,000 square feet.
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.
Costs & Benchmarks
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.