547 Harper Ave, Detroit, MI 48202
0.94 Acres of Commercial Land Offered at $1,450,000 USD in Detroit, MI 48202
For Sale
Active
Asking Price $1,450,000
- Property Type
-
Land
- Square Feet
- 40,946 SF
Listing Contacts
Joseph Evangelista
- Property Info
Property Overview
Unlock the potential of this prime 0.94-acre property in the heart of Milwaukee Junction, Detroit's hottest-growing neighborhood! Zoned for commercial use and strategically situated within the dynamic Detroit area, this expansive property offers an exceptional investment opportunity for multifamily investors. With the option to expand the site by acquiring adjacent land from the Detroit Land Bank and its favorable proximity to major highways I-75 and I-94, this location offers unparalleled flexibility and convenience. Boasting a vibrant, walkable neighborhood featuring an array of restaurants and bars, as well as easy access to the QLINE streetcar system, this property is primed for lucrative development. Benefit from city and state incentives while seizing the potential of this strategically positioned investment opportunity.
Discover the thriving investment potential in the dynamic Milwaukee Junction neighborhood in the Detroit market. Boasting a vibrant arts and culture scene, top-tier educational institutions, close proximity to major medical centers, and at the crosshair of I-75 and I-94, the area offers a compelling narrative for multifamily investors. This historic neighborhood has seen a resurgence of interest and investment, leading to various adaptive reuse projects aimed at transforming old industrial buildings into offices, residential lofts, retail spaces, and artist studios. This preservation of historic architecture not only adds character to the neighborhood but also attracts businesses and residents looking for unique spaces. With its strategic location and diverse attractions, the area presents an exciting opportunity for investors seeking to capitalize on the resurgence of this iconic American city.
Discover the thriving investment potential in the dynamic Milwaukee Junction neighborhood in the Detroit market. Boasting a vibrant arts and culture scene, top-tier educational institutions, close proximity to major medical centers, and at the crosshair of I-75 and I-94, the area offers a compelling narrative for multifamily investors. This historic neighborhood has seen a resurgence of interest and investment, leading to various adaptive reuse projects aimed at transforming old industrial buildings into offices, residential lofts, retail spaces, and artist studios. This preservation of historic architecture not only adds character to the neighborhood but also attracts businesses and residents looking for unique spaces. With its strategic location and diverse attractions, the area presents an exciting opportunity for investors seeking to capitalize on the resurgence of this iconic American city.
Property Details
- Property Subtype
- Commercial
Highlights
- 0.94-acre lot for multi-family or industrial development
- Adjacent land from Detroit Land Bank available for purchase.
- The site can be expanded to include most of the city block.
- High-visibility from I-94 and I-75.
- New development surrounds property including an EV Battery Plant, 400-Unit Mixed-development, 161-Unit Loft, and new HQ for Detroit PBS.
- City & State incentives for development
All available spaces
- Space
- Lot 1
- Size
- 40,946 SF
- Price
- $1,250,000
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