547 Harper AveDetroit, MI 48202

Property Details for 547 Harper Ave

Year built

1941

Lot size

0.94 AC

Property size (Sq ft)

53,795 SF

Zone code

R5

Property type

Commercial land

APN

03001726-9

APU

30017269

Description

This exceptional 0.94-acre commercial land parcel, located at 547 Harper Ave in Detroit, Michigan (zip code 48202), presents a unique investment opportunity. Priced at $1,450,000 ($1,329,787 per acre), this property is zoned for commercial use and situated in the rapidly growing Milwaukee Junction neighborhood. Its strategic location offers unparalleled access to major highways I-75 and I-94, providing excellent visibility and convenient transportation links. The property benefits from its proximity to a vibrant, walkable neighborhood with numerous restaurants and bars, as well as the QLINE streetcar system. Further expansion potential exists through the acquisition of adjacent land from the Detroit Land Bank, potentially allowing for development encompassing most of the city block. The surrounding area showcases recent significant developments, including a new electric vehicle battery plant, a 400-unit mixed-use development, a 161-unit loft project, and a new headquarters for Detroit PBS. This property is ideally suited for multi-family or industrial development and is eligible for city and state incentives, making it an attractive investment prospect in a revitalizing area of Detroit. The property's latitude and longitude coordinates are 42.3681982 and -83.0634034 respectively. Wayne County is the county location.

• Alternative Use

  Use

  Valuation

  Residential

  $12,806,615

  Hospitality

  $11,730,790

  Educational

  $9,759,880

  Medical

  $10,095,537

  Retail

  $15,182,035

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.3681

Longitude

-83.0635

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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