REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,000,000
Est. payment /mo
New
115 E Palmer Street Detroit, MI 48202 3821
17,424 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 17,424 sqft
Price per Sqft $57
Subdivision Mi
MLS Listing ID 61046768
Annual Tax Amount $1,992
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 46 X 192
Property Sub-Type Commercial/Industrial
Property Description
Toman & Co. presents 101 & 115 E. Palmer St (BOTH PARCELS ARE INCLUDED IN THIS LISTING)., a rare Midtown Detroit infill development opportunity consisting of two adjacent 0.20-acre parcels totaling approximately 0.40 acres. The offering provides developers with the opportunity to acquire two individual development sites in one of Detroit's most established and active urban neighborhoods, immediately adjacent to the Wayne State University campus. A conceptual development illustrates 10 multifamily units per parcel, or approximately 20 units across the two lots, creating an attractive small-scale multifamily development opportunity in the heart of Midtown. The two parcels may also provide an alternative opportunity for structured parking or other complementary development, subject to zoning, site-plan review and applicable City of Detroit approvals. A nearby development precedent further supports the site's potential. 73 E. Palmer St., a separate 0.20-acre parcel, is currently improved with 10 multifamily units, providing a useful example of the density achievable on a parcel of similar size. 73 E. Palmer is not included in this offering. BTVAI
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Commercial
Building
Foundation Slab
Water Public Water at Street
Structure Type Other
Others
Ownership Private
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Toman & Co LLC
Nearby Locations