17150-17218 Schaefer HwyDetroit, MI 48235

For Sale
$799,000

0.87-acre lot, prime Detroit location

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 0.87-acre commercial land parcel, located at 17150-17218 Schaefer Highway in Detroit, Michigan, presents a unique redevelopment opportunity. Situated in Wayne County, zip code 48235, this property is ideally positioned across from the prestigious DMC Sinai Grace Hospital. The asking price is $799,000. This prime location offers significant potential for various development projects, catering to the high demand in this thriving area. With a substantial population of over 194,000 within a three-mile radius, boasting an average household income of $45,189 and an average home value of $110,259, this neighborhood demonstrates strong economic vitality. Preliminary plans exist for a 5,610 square foot medical office building, showcasing the site's suitability for such ventures. The property's size and location make it an attractive investment for developers seeking to capitalize on Detroit's flourishing market. This is a blank canvas ready for transformation into a remarkable development project. The property's coordinates are latitude 42.4175074 and longitude -83.1795123. This is a rare opportunity to acquire a significant land holding in a high-demand area of Detroit.

Highlights

  • 0.87-acre commercial land parcel in Detroit, MI.
  • Located at 17150-17218 Schaefer Highway, across from DMC Sinai Grace Hospital.
  • Asking price: $799,000.
  • Preliminary plans for a 5,610 sq ft medical office building.
  • High-demand location with strong demographics.

Property Details for 17150-17218 Schaefer Hwy

Property type
Other land, Land
Lot Size (sq. ft)
37,897 SF

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.4175074
Longitude
-83.1795123
17150-17218 Schaefer Hwy, Detroit, Michigan

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17150-17218 Schaefer Hwy
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