10514 W Grand River
Detroit, MI 48204
Land For Sale · 0.29 AC

Property tours are available by appointment ONLY. Please contact Rich Deptula to schedule at richard.deptula@freg.com or 248-848-4938. Investment Highlights: Absolute Auction - 1st Bid meets Reserve! ñ0.29 AC of land for development on corner lot in Detroit, MI Favorable flexible zoning that allows for a variety of uses including retail and industrial uses Located just off I-96 near the lit intersection of Grand River Dr and Jeffries Fwy Dense demographics with 2017 Population of ñ425,302 with 5-mile radius Great location with easy access to US I-96 and I-94 and only ñ6 miles from CBD Huge value-add opportunity through development to maximize highest and best use Investment Overview: The Detroit Development Land is a ñ0.29 AC parcel of vacant land located at10514 Grand River Avenue in Detroit, MI. This Property offers investors an opportunity to purchase a vacant land parcel ready for development at a significant discount with a HUGE value add opportunity. This Property is currently cleared land and served by City of Detroit utilities. The Property is zoned B-4, General Business District, with highly favorable and flexible zoning that allow for a very wide variety of The Property is zoned B-4, General Business District, with highly favorable and flexible zoning that allow for a very wide variety of uses including retail and industrial at a range of allowable densities. Click here for more Zoning Info (Page 229). Detroit is the most populous city in Michigan and the seat of Wayne County. The municipality of Detroit had a 2015 estimated population of ñ677,116, making it the 21st-most populous city in the US. The metropolitan area, known as Metro-Detroit, is home to ñ4.3 million people, making it the 2nd largest in the Midwest after Chicago. Downtown Detroit and the neighborhoods nearby have a growing residential population that provides a strong base for future development. Over the past decade, more than $15 billion has been invested downtown in two new professional sports stadiums, live theater and opera venues, gaming casinos and hotels, major new Class A offices for General Motors, Compuware and Quicken Loans, residential developments (single-family, condos and lofts), retail, restaurants, and nightclubs. As a result of these investments, the character of downtown Detroit and its neighborhoods has fundamentally changed. Easy access to In