Property profile

2500 Alter Rd Detroit, MI 48215

FOR SALE
Commercial land
Property ID
US43-1707412
Built 1924
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Property summary

AI-generated overview

The property is a development parcel consisting of seven vacant lots, where six contiguous lots form a unified development footprint and one additional separate lot is included. One of the lots contains a large brick structure with plumbing and electrical utilities available. The site is located along the boundary with Grosse Pointe Park and is situated within an established residential community with access to local shopping, dining, and waterfront recreational opportunities. The parcel is zoned PD (Planned Development). With utilities available and multiple configuration possibilities across the contiguous lots and the separate lot, the property is suited for a range of development layouts consistent with the zoning.

Property profile

Verified
Property type Commercial land
Year built 1924
UPID US43-1707412

Cap rate & NOI

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

Location

2500 Alter Rd Detroit, MI 48215
Detroit metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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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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More about this property
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