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Property summary
This exceptional 0.94-acre commercial land parcel, located at 547 Harper Ave in Detroit, Michigan (zip code 48202), presents a unique investment opportunity. Priced at $1,450,000 ($1,329,787 per acre), this property is zoned for commercial use and situated in the rapidly growing Milwaukee Junction neighborhood. Its strategic location offers unparalleled access to major highways I-75 and I-94, providing excellent visibility and convenient transportation links. The property benefits from its… proximity to a vibrant, walkable neighborhood with numerous restaurants and bars, as well as the QLINE streetcar system. Further expansion potential exists through the acquisition of adjacent land from the Detroit Land Bank, potentially allowing for development encompassing most of the city block. The surrounding area showcases recent significant developments, including a new electric vehicle battery plant, a 400-unit mixed-use development, a 161-unit loft project, and a new headquarters for Detroit PBS. This property is ideally suited for multi-family or industrial development and is eligible for city and state incentives, making it an attractive investment prospect in a revitalizing area of Detroit. The property's latitude and longitude coordinates are 42.3681982 and -83.0634034 respectively. Wayne County is the county location.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with a plan.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.
Property tax · 2020
Value estimate
· Oct 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 18 properties nearbyComparable nearby
Similar Nearby for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 53,795 SF
- Lot area
- 0.94 ac
- Year built
- 1941
- APN
- 03001726-9
- Zoning
- R5
- Assessed value · 2024
- $213,800
- Annual tax · 2020
- $2,427
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
This R5 medium density residential district is designed to provide for a range of residential development from the single family detached dwelling to medium density multiple family dwellings
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with a plan - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
The mortgage data comes with a plan: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- 10 Targeted Leads
- 1 Full Property Report
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
-
Zoning Insight— not in this plan -
Location Analytics— not in this plan
- 300 Targeted Leads a month
- 30 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
-
Location Analytics— not in this plan
- 1,500 Targeted Leads a month
- 150 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
- Location Analytics
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