80-92 Willis StDetroit, MI 48201

Property Details for 80-92 Willis St

Year built

1916

Lot size

0.40 AC

Property size (Sq ft)

4,533 SF

Property type

Mixed-use properties

Property subtype

Land

Description

This exceptional 0.4-acre mixed-use development site in Midtown Detroit presents a compelling investment opportunity. Located at 80-92 E Willis, this vacant property boasts an R6 zoning designation, permitting high-density residential construction with a potential buildable area of up to 50,000 square feet. The site comprises three buildings, totaling 4,533 square feet, built in 1916, across two lots (APN 01-001045 and 01-001046). Utilities including water, sewer, electric, and gas are readily available. The property's prime location offers unparalleled access to a vibrant urban environment, situated a half-block from Woodward Avenue, directly across from the Detroit Medical Center and Children's Hospital of Michigan. Proximity to Wayne State University (24,000 students), Little Caesars Arena, and a concentration of 30,627 daytime employees within a one-mile radius, ensures a robust potential tenant pool. The surrounding area is rich with restaurants, retail, and entertainment venues, including the Majestic Theater, making this a highly desirable location for various developments, including multi-family, mixed-use, student housing, assisted living, childcare, nursing homes, lofts, or townhouses. The asking price is $1,750,000, representing a land value of $4,375,000 per acre. This is a truly unique chance to capitalize on the growth and potential of Midtown Detroit.

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.352

Longitude

-83.0593

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