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21377481
9436228

109 W Alexandrine St, Detroit, MI 48201

LG
MI 6502126741
CRS, Commercial Real Estate Services
Listed by CRS, Commercial Real Estate Services
$950,000
1043 days on market
Updated 80 days ago
Opportunity zone

Land for development DMC VA Hospital Area

Details
Property Type Land
Sub Type Commercial
Acreage 0.340
Zoning SD2

Land | 0.34 acres

Marketing description

Detroit is going through the largest growth that is has seen on the last 75 years which includes new retail/ services uses and new interest in Corporations interested in locating their companies in the city of Detroit. With this expansion there has been a growth of housing options, apartments, condos, homes all to support the New Corporate customers that are moving thousands of jobs to Detroit every month.

Detroit continues to appeal to the younger generation workforce that desire to live where they work and to be part of live, work and play experience. The empty nesters are finding their way to downtown to live and be part of the energy of the comeback. The next phase will be young couples with children will begin to move to the city as alternative education choices expands such as charter schools and the public school system improves.

The New Center, Midtown and Downtown markets are experiencing over 7 billion of projects planned, under construction and completed. Bedrock and Ford Mo Co have embarked on 2 projects that will exceed 2 billion in investment. The comeback is for real this time and shall be sustained by the investment of the Corporate Companies in Detroit.

Investment highlights

Mid Town; The land is well located and suited for a 5 story building.

The subject property is well located DMC, VA, Childrens Hospital. Located in an area of the DSO Opera House and Detroit only Whole Foods. Zoning: SD2

Lot Size: .34 acres 100’ x 150’

Legal Description: S W ALEXANDRINE 52SUB PT PK LOTS L1 P128 PLATS, W C R 2/108 50 X 151.10 parcel id # 02000834.

S ALEXANDRINE 53SUB PT PK LOTS L1 P128 PLATS, W C R 2/108 50 X 151.10 parcel id # 02000835.

Just reduced to $950,000 the zoning will permit a 6 story building. This property is going to trade below a million.

Site particulars

100 x 150 lot size

You can build to zero lot line in this area 60 ft height will give you 5 stories 75,000 sf which will included a parking deck for parking. However as outline below parking for affordable housing is exempt and reduce due to conditions therein.

SD2 zoning district in Detroit is a special development district that allows for a mix of uses, including:

  • Residential uses: Single-family homes, duplexes, apartments, condominiums, and townhouses

  • Commercial uses: Retail stores, restaurants, offices, and service businesses

  • Industrial uses: Light manufacturing and industrial businesses

  • Arts and cultural uses: Theaters, museums, and other cultural institutions

  • Civic uses: Schools, libraries, and other public buildings

The SD2 district also allows for certain establishments that serve alcohol for consumption on the premises, without a spacing requirement, in order to attract increased pedestrian traffic to the area.

In addition to the permitted uses, the SD2 district also has some specific requirements, such as:

  • A minimum lot size of 5,000 square feet

  • A maximum height of 60 feet

  • A minimum of 1 parking space per 1,000 square feet of gross floor area

The specific requirements for a development in the SD2 district may vary depending on the specific location and other factors. It is important to consult with the City of Detroit Planning and Development Department to determine the specific requirements for a proposed development.

Here are some examples of specific uses that are permitted in the SD2 zoning district:

  • A mixed-use development that includes a mix of residential, commercial, and industrial uses

  • A retail center with a grocery store, restaurants, and other retail shops

  • A light manufacturing plant

  • A theater

  • A museum

  • A school

  • A library

The SD2 zoning district is designed to promote mixed-use development and to create vibrant, walkable communities. It is a flexible zoning district that allows for a variety of uses, making it a popular choice for developers and businesses.

SD2 zoning district in Detroit is a special development district that allows for a mix of uses, including:

  • Residential uses: Single-family homes, duplexes, apartments, condominiums, and townhouses

  • Commercial uses: Retail stores, restaurants, offices, and service businesses

  • Industrial uses: Light manufacturing and industrial businesses

  • Arts and cultural uses: Theaters, museums, and other cultural institutions

  • Civic uses: Schools, libraries, and other public buildings

The SD2 district also allows for certain establishments that serve alcohol for consumption on the premises, without a spacing requirement, in order to attract increased pedestrian traffic to the area.

In addition to the permitted uses, the SD2 district also has some specific requirements, such as:

  • A minimum lot size of 5,000 square feet

  • A maximum height of 60 feet

  • A minimum of 1 parking space per 1,000 square feet of gross floor area

The specific requirements for a development in the SD2 district may vary depending on the specific location and other factors. It is important to consult with the City of Detroit Planning and Development Department to determine the specific requirements for a proposed development.

Here are some examples of specific uses that are permitted in the SD2 zoning district:

  • A mixed-use development that includes a mix of residential, commercial, and industrial uses

  • A retail center with a grocery store, restaurants, and other retail shops

  • A light manufacturing plant

  • A theater

  • A museum

  • A school

  • A library

The SD2 zoning district is designed to promote mixed-use development and to create vibrant, walkable communities. It is a flexible zoning district that allows for a variety of uses, making it a popular choice for developers and businesses.

The parking requirement for a residential apartment development in SD2 zoning in the City of Detroit is one parking space per dwelling unit. This is specified in Section 50-14-34 of the Detroit City Code.

However, there are a few exceptions to this requirement:

  • Affordable housing developments: Affordable housing developments that are designated as such by the City of Detroit are exempt from the parking requirement.

  • Developments with access to public transportation: Developments that are located within walking distance of a public transit station may be eligible for a reduced parking requirement.

  • Developments with shared parking: Developments that share parking with other uses, such as commercial or office uses, may be eligible for a reduced parking requirement.

To learn more about the parking requirements for residential apartment developments in SD2 zoning in the City of Detroit, developers should consult with the City's Planning and Development Department.


Listing Contacts

LG
MI 6502126741
CRS, Commercial Real Estate Services
Listed by CRS, Commercial Real Estate Services

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