620 Peterboro StDetroit, MI 48201

Property Details for 620 Peterboro St

Lot size

0.22 AC

Zone code

SD2

Property type

Land

Property subtype

Commercial land

APN

04000632.

APU

4000632

Description

This exceptional 9,500 square foot vacant land parcel presents a remarkable development opportunity in Detroit's vibrant Midtown. Located at 620 Peterboro Street, this commercially zoned (SD2) property boasts a strategic location within walking distance of The District Detroit, encompassing Little Caesars Arena and numerous mixed-use developments. Its proximity to major expressways (M-10, I-75, and I-94) and the QLine on Woodward Avenue ensures excellent connectivity to the Central Business District, Brush Park, TechTown, and New Center. Surrounded by a dense mix of residential, museums, universities, theaters, big-box retailers, office buildings, and national restaurants, this site offers unparalleled access to a substantial daytime and residential population. The SD2 zoning encourages a diverse mix of residential, business, retail, and office uses, promoting pedestrian activity and transit-oriented design with less restrictive setback and parking requirements. The asking price is $285,000, translating to $30 per square foot. This property is owned by the City of Detroit and represents an ideal location for a variety of mixed-use developments. The site is generally bounded by Peterboro Street to the south, MLK to the north, 3rd Street to the west, and 2nd Avenue to the east.

• Alternative Use

  Use

  Valuation

  Residential

  $2,281,360

  Hospitality

  $2,089,714

  Educational

  $1,738,618

  Medical

  $1,798,411

  Retail

  $2,704,516

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.3438

Longitude

-83.063

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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