Junction Street Mixed-Use

2305 Junction Street Detroit, MI 48209

FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$750,000
Last Verified:
Sep 21, 2022

Highlights

  • RARE MIXED-USE DEVELOPMENT SITE IN OPPORTUNITY ZONE
  • EXISTING BUILDING 5,400 SF INCUDES RETAIL & APARTMENTS
  • COMMERCIAL (PROPERTY) AND RESIDENTAL (LAND) ZONING
  • 12 COMBINED LOTS FOR TOTAL OF 1.16 ACRES
  • OPPORTUNITY TO OWN/DEVELOP AN ENTIRE CORNER
  • EXCELLENT FRONTAGE AND VISIBILITY ON JUNCTION STREET
  • SOUTHWEST DETROIT | SHORT WALK TO MEXICANTOWN
  • INCLUDES EXISTING $22K+ NET INCOME (APARTMENTS)
  • LESS THAN ONE MILE TO I-75 HIGHWAY | 113,073 VPD
  • LESS THAN ONE MILE TO MICHIGAN AVENUE (16,501 VPD)
  • STRONG DEMOGRAPHCIS | 261,000+ PEOPLE IN 5-MILE RADIUS
  • OVER 100,000 HOUSEHOLDS IN 5-MILE RADIUS
  • 10-MINUTE DRIVE TO DOWNTOWN DETROIT CITY CENTER

Description

Rare Mixed-Use Development Site in Opportunity Zone

Located in Opportunity Zone


Year Built: 1905
Building Size: 5300sq ft
Lot Size: 1.16 acres

Map of 2305 Junction Street , Detroit, MI, 48209

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.