3531 Grand River Avenue

Detroit, MI 48208

Listing ID: 197535
$1,100,000
For Sale
  • Property Type Land : Mixed Use Land
  • Lot Size Acres 0.480
  • Land Sq Ft 20,908
  • Land Price per Sq Ft $52.61
Description

Description

.48 Acres of land for sale in a highly visible area of Detroit, right at the intersection of Grand River Ave, Trumbull Ave, and Martin Luther King Blvd. The land can be expanded to include the city block with Detroit Land Bank acquisitions. Perfect opportunity for fast food, residential, gas station, commercial, and mixed-use

The property is located in a high-trafficked area of Detroit - close to Motor City Casino, Wayne State University, and the Woodbridge and Corktown neighborhoods.

Highlights

Land can be expanded to city block with Detroit Land Bank

Close to Motor City Casino, Wayne State University and the Woodbridge & Corktown neighborhoods

157' of Frontage on Grand River Ave with curb cuts

The population is 266,000 within a 5-mile radius

Perfect opportunity for fast food, gas station, residential/mixed-use, commercial

Attachments & Files
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 Population17,332106,109276,544
Population Median Age353737
Population by Age0-9 Yrs1704 (9%)12272 (11%)37866 (13%)
10-19 Yrs1544 (8%)11885 (11%)37085 (13%)
20-29 Yrs5555 (32%)22551 (21%)48478 (17%)
30-39 Yrs2500 (14%)14292 (13%)35489 (12%)
40-49 Yrs1472 (8%)11385 (10%)30381 (10%)
50-59 Yrs1573 (9%)12527 (11%)33233 (12%)
60-69 Yrs1786 (10%)12136 (11%)30419 (10%)
70+ Yrs1197 (6%)9061 (8%)23593 (8%)
Median HH Income$22,291$28,469$27,966
Total Household Income< 24K4682 (54%)22872 (46%)51662 (45%)
25-49K1685 (19%)11326 (22%)28552 (25%)
50-74K820 (9%)6248 (12%)14074 (12%)
75-99K611 (7%)3735 (7%)7766 (6%)
100-199K588 (6%)4303 (8%)8457 (7%)
200K+182 (2%)1188 (2%)2078 (1%)
Highest Education LevelNo Diploma17711416844093
Diploma or GED25771870450951
Some College25291531237634
Assoc. Degree655401810079
Bachelors Degree23701053320207
Higher Degree1482865815044
Total Housing Units11,07867,603158,125
--Owner-Occupied1,31013,57842,299
--Renter-Occupied7,25836,09470,290
Owner-Occupied Values< 100K369784930349
100-199K29425416029
200-299K27216672945
300-399K1657931502
400-499K113395649
500K+98332824
Total Working Age Population14,79887,643217,595
In Work Force8,50448,261111,168
Not In Work Force6,29439,382106,427
Workforce Employed7,57942,85397,738
Workforce Unemployed9265,38713,370
Civlian Workforce8,50448,240111,107
Military Workforce02161
Total Households8,56849,673112,588
Family Households2,31818,18750,392
Non-Family Households6,25131,48662,196
Married Couple8007,70423,899
Other Family1,51810,48226,493
Married w/Child2452,80511,363
Single Male w/Child1297152,217
Single Female w/Child8595,04911,017

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Michigan9,938,444-19,883,640+110,023,423+410,424,510
Wayne County2,061,162-121,820,584-41,741,463-11,730,000

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

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.

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