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109-111 W Alexandrine St 0.34 Acres of Commercial Land Offered at $1,314,220 CAD in Detroit, MI 48201

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EXECUTIVE SUMMARY

Mid Town; The land is well located and suited for institutional users interested in building upto to 120,000 sf 8 story building.
The subject property is well located DMC, VA, Childrens Hospital. Located in a area of the DSO Opera House and Detroit only Whole Foods.
Detroit is going through the largest growth that is has seen on the last 75 years which includes new retail/ services uses and new interest in Corporations interested in locating their companies in the city of Detroit. With this expansion there has been a growth of housing options, apartments, condos, homes all to support the New Corporate customers that are moving thousands of jobs to Detroit every month.
Detroit continues to appeal to the younger generation workforce that desire to live where they work and to be part of live, work and play experience. The empty nesters are finding their way to downtown to live and be part of the energy of the comeback. The next phase will be young couples with children will begin to move to the city as alternative education choices expands such as charter schools and the public school system improves.

The New Center, Midtown and Downtown markets are experiencing over 7 billion of projects planned, under construction and completed. Bedrock and Ford Mo Co have embarked on 2 projects that will exceed 2 billion in investment. The comeback is for real this time and shall be sustained by the investment of the Corporate Companies in Detroit.

PROPERTY FACTS

Price $1,314,220 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Retail
Total Lot Size 0.34 AC
Opportunity Zone Yes

1 LOT AVAILABLE

Lot

Price $1,314,220 CAD
Price Per AC $3,865,354.27 CAD
Lot Size 0.34 AC
Walk Score®
Walker's Paradise (94)
Bike Score®
Biker's Paradise (95)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 02-000835
  • 02-000834
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$665,086 CAD
  • Listing ID: 27184383

  • Date on Market: 2022-11-25

  • Last Updated:

  • Address: 109-111 W Alexandrine St, Detroit, MI 48201

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