Retail Space - For Sale
2421 3rd Avenue Detroit, MI 48201
Details & Description
Price: $990,000
  • Property Type Retail for Sale : Other Retail
  • Lot Size Acres 0.420
  • Building Sq Ft 12,300
  • Building Price per Sq Ft $80.49
  • Land Sq Ft 18,295
  • Land Price per Sq Ft $54.11
The subject redevelopment opportunity includes a 12,300 square foot building at 828 Fisher as well as an adjacent piece of vacant land at 2421 Third located in the heart of Downtown Detroit on the corner of the Fisher Freeway Service Drive and Third Street.The site is arguably one of the most well-located redevelopment locations listed in Detroit since ‘the comeback’ began several years ago. The strength of the location allows for several different development opportunities: redevelopment of existing building or demolition and ground-up construction. The property could potentially be redeveloped into mixed-use, retail/multi-family, retail/office or single-tenant retail. Please visit www.fisherthird.com for more information.
Listing Agents
Griffin Pitcher

O: 248-948-9000
M: 248-228-0088
gpitcher@signatureassociates.com
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.

2421 3rd Avenue

Detroit, MI 48201

Listing ID: 226217
$990,000
For Sale
  • Property Type Retail for Sale : Other Retail
  • Lot Size Acres 0.420
  • Building Sq Ft 12,300
  • Building Price per Sq Ft $80.49
  • Land Sq Ft 18,295
  • Land Price per Sq Ft $54.11
2421 3rd Avenue Detroit, MI 48201 | for Sale | Photo 1
Description

The subject redevelopment opportunity includes a 12,300 square foot building at 828 Fisher as well as an adjacent piece of vacant land at 2421 Third located in the heart of Downtown Detroit on the corner of the Fisher Freeway Service Drive and Third Street.The site is arguably one of the most well-located redevelopment locations listed in Detroit since ‘the comeback’ began several years ago. The strength of the location allows for several different development opportunities: redevelopment of existing building or demolition and ground-up construction. The property could potentially be redeveloped into mixed-use, retail/multi-family, retail/office or single-tenant retail. Please visit www.fisherthird.com for more information.

Attachments & Files
Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Detroit History of Retail Space for Sale

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Detroit Area Market Trends

Listing Demographics for 2421 3rd Avenue Detroit, MI 48201

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 Population16,59189,946243,946
Population Median Age383837
Population by Age0-9 Yrs1115 (6%)9490 (10%)32905 (13%)
10-19 Yrs931 (5%)9088 (10%)31598 (12%)
20-29 Yrs5258 (31%)20328 (22%)43112 (17%)
30-39 Yrs2919 (17%)12219 (13%)32234 (13%)
40-49 Yrs1500 (9%)9642 (10%)26914 (11%)
50-59 Yrs1682 (10%)10482 (11%)29000 (11%)
60-69 Yrs1996 (12%)10560 (11%)27483 (11%)
70+ Yrs1190 (7%)8136 (9%)20701 (8%)
Median HH Income$34,429$29,027$28,715
Total Household Income< 24K3933 (43%)20245 (45%)45430 (44%)
25-49K1454 (15%)9719 (21%)25655 (25%)
50-74K1211 (13%)5600 (12%)12903 (12%)
75-99K962 (10%)3537 (7%)7369 (7%)
100-199K1149 (12%)4062 (9%)7798 (7%)
200K+417 (4%)1197 (2%)1969 (1%)
Highest Education LevelNo Diploma16791104338572
Diploma or GED24421492244873
Some College27111361033267
Assoc. Degree60336408798
Bachelors Degree27501029218978
Higher Degree2269865114399
Total Housing Units11,78457,355142,722
--Owner-Occupied1,30010,68037,242
--Renter-Occupied7,82433,68063,881
Owner-Occupied Values< 100K227521226854
100-199K24523494962
200-299K36716412588
300-399K2197811442
400-499K127361641
500K+114337754
Total Working Age Population14,95975,901193,385
In Work Force8,80642,180100,119
Not In Work Force6,15333,72093,266
Workforce Employed8,17937,53588,184
Workforce Unemployed6084,62511,874
Civlian Workforce8,78742,159100,058
Military Workforce202161
Total Households9,12444,361101,123
Family Households1,95814,69543,818
Non-Family Households7,16629,66657,306
Married Couple8816,18620,639
Other Family1,0788,50923,178
Married w/Child1671,9889,504
Single Male w/Child354611,887
Single Female w/Child6204,1459,560

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

Total Working Age Population:

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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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Closest Commercial Airports
Airport Distance (mi)
Detroit Metropolitan Wayne County Airport (DTW) 17
Toledo Express Airport (TOL) 64
Cleveland Hopkins International Airport (CLE) 89