10 Acres - Ford Road and I-275, Canton

Vacant Land for Sale
Catylist Listing ID: 30009858
Property Subtypes: Hospitality, Multi-Family, Retail, Retail-Pad, Vacation/Resort, Other
Gross Land Area: 10.39 Acres
Sale Price: $125,000 Per Acre
Total Price: $1,298,750
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/13/2017

Overview / Comments

+/-10.39 Acres located east off of I-275 North, S. of Ford Road in the heart of Canton Township’s Downtown Development Authority District. In addition to the 217,500 people within a 5 mile radius of the site, 48,000 vehicles travel on Ford Road each day, as well as 82,503 vehicles travel on I-275 each day. These dynamic characteristics give this site tremendous exposure There are 8,129 new roof tops in this area, which makes this site ideal for a commercial use or mixed use development. IKEA’s 300,000 SF facility is located just northwest of subject property. IKEA is a huge regional draw that attracts millions of people to the area from all of metro Detroit, Ohio, Indiana and Canada. Additional parcels available to the north of this parcel, up to 96 acres, including frontage on Ford Road.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Southern I-275 Corridor
Tax ID/APN: Part of 71-050-99-007-000
Zoning: MRD - MID RISE DEVELOPMENT - LOCATED IN CORPORATE PARK OVERLAY DISTRICT

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,475 119,477 258,563
Median Age: 34.68 38.56 39.03
Households: 5,692 48,312 102,426
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