Commercial Land
20785 Schultes Avenue Warren, MI 48091
Details & Description
Price: $6,750,000
    Colliers Manufactured Housing & RV Group presents the investment opportunity to acquire the 416-site, Michigan MHC Portfolio. The parks span over 33 acres and are located within an hour and a half of each other in two major metros, Lansing and Detroit, with populations boasting millions of residents, prestigious Universities, Fortune 500 companies and much more. The communities represent an infill opportunity in well-occupied markets with high rents at an asking price below replacement cost.
    Property Highlights
    Listing Agents
    Michael Nissley

    O: 561-479-1588
    M: 561-479-1588
    Mike.Nissley@colliers.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.

    20785 Schultes Avenue

    Warren, MI 48091

    Listing ID: 299604
    • 20785 Schultes Avenue Warren, MI 48091 | for Sale | Photo 1
    • 20785 Schultes Avenue Warren, MI 48091 | for Sale | Photo 2
    • 20785 Schultes Avenue Warren, MI 48091 | for Sale | Photo 3
    20785 Schultes Avenue | for Sale | Thumbnail 1
    20785 Schultes Avenue | for Sale | Thumbnail 2
    20785 Schultes Avenue | for Sale | Thumbnail 3
    Building Size: --
    Lot Size: 33.000 AC
    Land Size: 1,437,480 SF
    Building $/SF:
    Land $/SF: $4.70
    Price
    $6,750,000
    Property Highlights
    Public Utilities
    Significant Occupancy Upside
    Significant Revenue Upside
    Description

    Colliers Manufactured Housing & RV Group presents the investment opportunity to acquire the 416-site, Michigan MHC Portfolio. The parks span over 33 acres and are located within an hour and a half of each other in two major metros, Lansing and Detroit, with populations boasting millions of residents, prestigious Universities, Fortune 500 companies and much more. The communities represent an infill opportunity in well-occupied markets with high rents at an asking price below replacement cost.

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    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.
     
    Warren History of Commercial Land for Sale

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    Warren Area Market Trends

    Listing Demographics for 20785 Schultes Avenue Warren, MI 48091

    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 Population18,052121,936356,138
    Population Median Age363738
    Population by Age0-9 Yrs2387 (13%)14770 (12%)42865 (12%)
    10-19 Yrs2335 (12%)15170 (12%)43485 (12%)
    20-29 Yrs2867 (15%)21059 (17%)59858 (16%)
    30-39 Yrs2971 (16%)17323 (14%)50518 (14%)
    40-49 Yrs2342 (12%)15489 (12%)44492 (12%)
    50-59 Yrs1803 (9%)14967 (12%)45103 (12%)
    60-69 Yrs1893 (10%)13281 (10%)37771 (10%)
    70+ Yrs1455 (8%)9877 (8%)32046 (8%)
    Median HH Income$36,545$39,462$43,802
    Total Household Income< 24K2117 (31%)15664 (32%)42444 (29%)
    25-49K2231 (33%)13540 (28%)38183 (26%)
    50-74K1396 (20%)8250 (17%)24107 (16%)
    75-99K468 (7%)5278 (11%)15792 (10%)
    100-199K406 (6%)4681 (9%)19693 (13%)
    200K+66 (0%)549 (1%)3801 (2%)
    Highest Education LevelNo Diploma16211368434828
    Diploma or GED45492848874641
    Some College32642009158084
    Assoc. Degree933589718732
    Bachelors Degree11071057537322
    Higher Degree313397419660
    Total Housing Units8,30460,802176,871
    --Owner-Occupied3,49127,30384,448
    --Renter-Occupied3,19420,65859,573
    Owner-Occupied Values< 100K26361824341081
    100-199K752729028095
    200-299K4410299481
    300-399K92022948
    400-499K0801169
    500K+494601674
    Total Working Age Population14,17598,050287,069
    In Work Force7,91757,702174,629
    Not In Work Force6,25840,349112,440
    Workforce Employed6,82250,934155,614
    Workforce Unemployed1,0956,72118,887
    Civlian Workforce7,91757,655174,500
    Military Workforce047129
    Total Households6,68547,962144,021
    Family Households4,06126,63978,874
    Non-Family Households2,62421,32365,147
    Married Couple1,76713,36342,779
    Other Family2,29413,27636,095
    Married w/Child7144,91416,557
    Single Male w/Child2661,2123,346
    Single Female w/Child7964,99513,760

    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
    Macomb County788,149+7840,978+5883,020+6933,965
    Oakland County1,194,156+11,202,362+51,264,515+71,350,052

    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.

    Common Questions and Answers

    What is the asking price for 20785 Schultes Avenue in Warren?
    The asking price for 20785 Schultes Avenue is $6,750,000
    How much land does the Warren, MI property at 20785 Schultes Avenue include?
    20785 Schultes Avenue in Warren includes 33.000 acres of land
    What kind of Land is the propery at 20785 Schultes Avenue?
    The property at 20785 Schultes Avenue Warren, MI 48091 is listed as a Apartment Land Land property
    What is the population within 1 mile of 20785 Schultes Avenue in Warren?
    The population within 1 mile of 20785 Schultes Avenue Warren, MI 48091 is 18,052 people.
    Who do I contact for questions about 20785 Schultes Avenue?
    You should contact the listing agent, Michael Nissley, for any details regarding this commercial listing.

    Closest Commercial Airports

    Airport Distance (mi)
    Detroit Metropolitan Wayne County Airport (DTW) 22
    Toledo Express Airport (TOL) 70
    MBS International Airport (MBS) 91