115 E Palmer St, Detroit, MI 48202

Property Description

Toman & Co. presents 101 & 115 E. Palmer St (BOTH PARCELS ARE INCLUDED IN THIS LISTING)., a rare Midtown Detroit infill development opportunity consisting of two adjacent 0.20-acre parcels totaling approximately 0.40 acres. The offering provides developers with the opportunity to acquire two individual development sites in one of Detroit's most established and active urban neighborhoods, immediately adjacent to the Wayne State University campus. A conceptual development illustrates 10 multifamily units per parcel, or approximately 20 units across the two lots, creating an attractive small-scale multifamily development opportunity in the heart of Midtown. The two parcels may also provide an alternative opportunity for structured parking or other complementary development, subject to zoning, site-plan review and applicable City of Detroit approvals. A nearby development precedent further supports the site's potential. 73 E. Palmer St., a separate 0.20-acre parcel, is currently improved with 10 multifamily units, providing a useful example of the density achievable on a parcel of similar size. 73 E. Palmer is not included in this offering. BTVAI