Woodbridge - Land Portfolio
Woodbridge - Land Portfolio
Marketing description
We are pleased to offer three packages of prime vacant land in the vibrant and historic Woodbridge neighborhood of Detroit, with options ranging from 0.78 acres to 3.78 acres. Located along Grand River Avenue between Forest Avenue and Calumet Street, the land is adjacent to the new four-story $19.57-million development with 60 mixed-income residential units at 4401 Rosa Parks. It's ideally situated close to Downtown and Wayne State University. With its rich history dating back to the 1870s as a single-family home neighborhood and its expansion in the 1920s (adding large apartment buildings), Woodbridge offers a unique blend of historic charm and modern development. A potential purchaser could petition the city to acquire additional surrounding city-owned parcels and unvacated streets and alleyways.
Investment highlights
Zoning Description
SD-1 Zoning - This district is designed to encourage a complementary mixture of small-scale, pedestrian- and transit-oriented uses that are compatible in a neighborhood setting. It is intended to ensure a neighborhood character and place a proper balance of activities within walking distance of one another while serving the day-to-day needs of residents. Parking requirements are reduced in certain circumstances to promote use of transit and nonmotorized transportation; shared parking and a district approach to parking are encouraged to lessen demand for off-street parking spaces. Certain establishments that serve alcohol for consumption on the premises are permitted without a spacing requirement in order to attract increased pedestrian traffic to the area.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
