204- Adams Ave Detroit, MI 48226
- Specialty properties
- 13,330 SF
Current Use by Public Records
- Specialty properties
Property Details for 204- Adams Ave
- Property size
- 13,330 SF
- Property type
- Specialty properties
- Property subtype
- Land
Description
This exceptional investment opportunity encompasses three separate parcels totaling 13,330 square feet of land in Detroit, Michigan's vibrant Central Business District. The property features 80 parking spaces, currently configured as three divisible parking lots, offering significant flexibility for future development or continued operation as a parking facility. Located at 204-228 West Adams Avenue, 48226, this strategically positioned asset benefits from high pedestrian traffic and proximity to key downtown amenities, including Ford Field, Comerica Park, and the Detroit Opera House. The property's location within a high-growth area presents excellent development potential, capitalizing on the area's revitalization and increasing demand. The asking price is $3,660,000, translating to $274.57 per square foot. This represents a compelling opportunity for investors seeking a strong return in a dynamic urban setting. The property's size and configuration allow for a variety of uses, making it an attractive option for both short-term income generation and long-term development prospects. Its central location and high visibility ensure strong potential for future appreciation. This is a rare chance to acquire a significant land holding in a rapidly developing 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
- -83.0541
- Latitude
- 42.3359
