Individually Owned Property summary
This exceptional 0.07-acre commercial land parcel, located at 9071 Chrysler Drive in Detroit, Michigan, presents a unique investment opportunity. Situated in Wayne County, zip code 48211, this property is zoned for multi-family and residential use, offering considerable development potential. The asking price is $200,000, with an estimated monthly mortgage payment of $1,132. Given its prime location in Detroit and flexible zoning, this lot is ideal for developers seeking to build multi-family residential units or other permitted commercial structures. The property's convenient access to local amenities and transportation networks further enhances its appeal. Detailed site plans and zoning information are readily available upon request. This is a rare chance to acquire a strategically located commercial land parcel in a thriving urban area. Serious inquiries are encouraged to explore the possibilities this property offers. The latitude and longitude coordinates are 42.3867228 and -83.0676503 respectively. Don't miss this chance to secure a valuable piece of Detroit real estate.
Property profile
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Location
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Owner & transaction history
Zoning & alternative use
of this Code. (Code 1984, § 61-7-1; Ord. No. 11-05, § 1(61-7-1), eff. 5-28-2005) Sec. 50-7-2. - Residential Districts. Residential districts within the City are as follows: (1) R1 Single-Family Residential District. (2)…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
R2 · Detroit, MIof this Code. (Code 1984, § 61-7-1; Ord. No. 11-05, § 1(61-7-1), eff. 5-28-2005) Sec. 50-7-2. - Residential Districts. Residential districts within the City are as follows: (1) R1 Single-Family Residential District. (2)…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
of this Code. (Code 1984, § 61-7-1; Ord. No. 11-05, § 1(61-7-1), eff. 5-28-2005) Sec. 50-7-2. - Residential Districts. Residential districts within the City are as follows: (1) R1 Single-Family Residential District. (2)…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R2 in Detroit, MI.
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