547 Harper AveDetroit, MI 48202

For Sale
$1,450,000

Prime 0.94-acre Detroit development site.

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Highlights

  • 0.94-acre commercial lot ideal for multi-family or industrial development.
  • Adjacent land acquisition opportunity from the Detroit Land Bank for potential city block development.
  • Expandable site to encompass most of the city block.
  • Surrounded by new developments including an EV battery plant, 400-unit mixed-use project, 161-unit loft building, and a Detroit PBS headquarters.
  • High visibility from I-94 and I-75.
  • Located in a walkable neighborhood with numerous restaurants and bars.

Property Details for 547 Harper Ave

Property type
Other land, Land
Lot Size (sq. ft)
40,946 SF

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.3681982
Longitude
-83.0634034
547 Harper Ave, Detroit, Michigan

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547 Harper Ave
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