4777 Outer DrDetroit, MI 48234

Property Details for 4777 Outer Dr

Year built

1981

Lot size

13.36 AC

Property size (Sq ft)

340,671 SF

Property type

Office properties

Property subtype

Medical offices

Description

Conner Creek Center, a 13.36-acre property located at 4777 Outer Dr E, Detroit, MI 48234, presents a unique redevelopment opportunity. This vacant, 340,671 square foot property, currently zoned R5 Medium Density Residential District, offers significant potential for various uses. The existing four-story building, constructed in 1981, sits on a substantial lot with 912 feet of frontage on Conner Street and 990 feet on Outer Drive East, a high-traffic area with an average daily volume of 18,586 vehicles. The property is classified as Class B and is being sold as an owner/user investment. Permitted uses under the R-5 zoning include multi-family apartments, single-family and townhouse developments, assisted living and nursing home facilities, child/adult care centers, hospitals, schools, and medical/dental clinics. The asking price is $2,899,000, translating to $8.51 per square foot. This former hospital site is ideal for repurposing or complete redevelopment, offering significant upside for the right investor. The Wayne County property features a total of one building and is currently vacant. The property is under receivership. This is a rare opportunity to acquire a large parcel in a prime Detroit location.

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.4423

Longitude

-83.0199

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