547 Harper Avenue

Detroit, MI 48202

Listing ID: 197534

$1,250,000

For Sale

Property Type Land : Mixed Use Land
Lot Size Acres 0.940
Land Sq Ft 40,946
Land Price per Sq Ft $30.53

547 Harper Avenue Detroit, MI 48202 - main image

Description

Description
This .94 acre of land is an important multi-family parcel in Milwaukee Junction, Detroit. This investment opportunity won't last long - be a part of Detroit's Renaissance! The area is currently experiencing an influx of amenities such as hot new restaurants, cultural destinations, and entertainment. Located just east of New Center and Midtown - close to Wayne State University, College for Creative Studies, and Detroit Medical Center
The site can be expanded to include most of the city block.
Highlights
Walking distance to the QLINE streetcar system
Walkable neighborhood with restaurants and bars
Close to all freeways - I-75 and I-94
Adjacent land from Detroit Land Bank available for purchase - plans for midrise
City & State incentives for development

Attachments & Files

newsalebrochure-3-lac-h8t.pdf

Listing Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		11,715	128,091	305,350
Population Median Age		38	37	37
Population by Age	0-9 Yrs	697 (5%)	15055 (11%)	39628 (12%)
	10-19 Yrs	1721 (14%)	15628 (12%)	38623 (12%)
	20-29 Yrs	3028 (25%)	26467 (20%)	53995 (17%)
	30-39 Yrs	1341 (11%)	16175 (12%)	39439 (12%)
	40-49 Yrs	1241 (10%)	13787 (10%)	33856 (11%)
	50-59 Yrs	1272 (10%)	15476 (12%)	38050 (12%)
	60-69 Yrs	1506 (12%)	14503 (11%)	34454 (11%)
	70+ Yrs	909 (7%)	11001 (8%)	27304 (8%)

Median HH Income		$23,610	$26,444	$28,316
Total Household Income	< 24K	3104 (51%)	26660 (48%)	57092 (45%)
	25-49K	1302 (21%)	12924 (23%)	32735 (26%)
	50-74K	629 (10%)	6514 (11%)	15790 (12%)
	75-99K	367 (6%)	3864 (6%)	8767 (6%)
	100-199K	472 (7%)	4430 (7%)	9061 (7%)
	200K+	98 (1%)	1014 (1%)	2151 (1%)

Highest Education Level	No Diploma	1056	15873	44349
	Diploma or GED	1856	24866	61558
	Some College	1762	18978	45667
	Assoc. Degree	504	4950	12064
	Bachelors Degree	1315	11521	21748
	Higher Degree	1113	8695	15981

Total Housing Units		7,596	77,363	183,071
--Owner-Occupied		1,019	17,714	48,766
--Renter-Occupied		4,953	37,691	76,829
Owner-Occupied Values	< 100K	303	11620	36879
	100-199K	328	2809	6030
	200-299K	280	1592	2821
	300-399K	39	818	1460
	400-499K	34	424	617
	500K+	36	452	960

Total Working Age Population		10,756	104,910	243,840
In Work Force		5,855	53,520	125,761
Not In Work Force		4,902	51,390	118,079
Workforce Employed		5,313	46,692	107,716
Workforce Unemployed		542	6,767	17,984
Civlian Workforce		5,855	53,459	125,700
Military Workforce		0	61	61

Total Households		5,972	55,405	125,595
Family Households		1,520	22,081	56,877
Non-Family Households		4,452	33,325	68,719
Married Couple		581	9,702	23,594
Other Family		939	12,378	33,282
Married w/Child		118	4,340	9,739
Single Male w/Child		36	719	2,368
Single Female w/Child		364	5,522	13,701

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Michigan	9,938,444	-1	9,883,640	+1	10,023,423	+4	10,424,510
Wayne County	2,061,162	-12	1,820,584	-4	1,741,463	-1	1,730,000

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While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.