620 Peterboro St, Detroit, MI 48201 For Sale

PROPERTY OVERVIEW

The Property is located in a prime location for mixed-use development. Centrally located in Midtown, this Property consist of approximately 9,500SF and is situated in one of Detroit’s energetic and most desirable areas for living and entertainment. The Property is generally bounded by Peterboro St. to the South, MLK to the north, 3rd St. to the west, and 2nd Ave. to the east. The site enjoys access to all major expressways, including M-10, I-75, and I-94. This vacant land is surrounded by dense residential, museums, universities, theatres, big box retailers, office and national restaurants.

The Property is located two blocks from the Qline on Woodward Avenue, which allows easy access to the Central Business District, Brush Park, TechTown, and the New Center area. The property is within walking distance of The District Detroit, which consist of multiple blocks of mixed-use development anchored by Little Caesars Arena. The site provides access to millions of square feet of corporate businesses and the employees that work at these offices.

This Property would provide the ideal setting for most mixed-use developments. This Special Development District (SD2) is designed to encourage a somewhat more intensive mixture of uses including residential, business, retail and office uses while promoting pedestrian activity. The SD2 designation encourages transit‐oriented design (TOD) regulations, including less restrictive setback and parking requirements.

In summary, this location has easy freeway access, access to numerous retailers, dense residential and high daytime populations.