3958 & 3974 Commonwealth

This parcel is located in the heart of Woodbridge along Commonwealth, which is lined with some of Detroit’s most historical and unique architecture. With its close proximity to Wayne State University and Corktown, the vibrant neighborhood is a great location for new development. Zoned R-3, the site has 100 feet of Commonwealth frontage and is 130 feet deep. The zoning allows for low-density multi-family developments, including townhomes and multi-family dwellings. Addresses include 3958 and 3974 Commonwealth. The property values in Woodbridge continue to steadily increase, as new businesses continue to open along Trumbull Avenue. On average, expected rental rates are around $2.50/Sq Ft, and new development sales around $375/Sq Ft. Bring offers, the seller is motivated to close in July.