Detroit Michigan Real Estate
Detroit is on a path of revitalizing its downtown area. With three new casinos, a Riverwalk, and the new
Detroit Homes
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More about Detroit real estate
Detroit is the largest city in the state of Michigan and commonly known as the traditional headquarters for the United States automobile industry. Detroit is home to the "Big Three" automakers, General Motors, Ford, & Chrysler. Detroit is also the founding city of a lot of the music we hear today. Two very well known nicknames to describe Detroit over the years have been The Motor City, and Motown.
Detroit's major port status and extensive toll-free expressway system make it a prosperous location as a global business center. The University of Michigan in Ann Arbor is one of the worlds leading research institutions and Wayne State University in Detroit has the largest single-campus medical school in the United States.
Metro Detroit is a leading corporate location with major office complexes such as the Renaissance Center, the Southfield Town Center, and Cadillac Place with the Fisher Building in the historic New Center area.
Location of Detroit Michigan
Detroit is located north of Windsor, Ontario and the only U.S. city that looks south to Canada. Woodward Avenue is considered Detroit's main thoroughfare. It is the dividing line between the East Side and the West Side. In Downtown Detroit, the Fox Theatre and Detroit Institute of Arts are located on Woodward as well as the Detroit Zoo in Royal Oak a little farther north just outside the city limits.
Detroit Population
Detroit ranks as the United States11th most populous city with 918,849 in 2007. At one time, Detroit was the fourth largest city in the country, however it has consistently declined in population since the 1960s. When describing the Metro Detroit area, this refers to Oakland County, Wayne County, Macomb County, Livingston County, Washtenaw County, Lapeer County, Monroe County, Saint Clair County, & Genesee County consisting of approximately 5.4 million people, and a workforce of 2.8 million. The counties of Wayne, Oakland, and Macomb form the core of the Detroit area. They are sometimes informally referred to as the tri-county area.
Detroit Michigan Homes
Average Residential Sales Price & Property Taxes in 2007
Average Detroit home price: $30,446
Homestead $65.96 per every 1,000 in taxable value
Non-Homestead Investment Property $83.96 per every $1,000 in taxable value
Detroit Prevalent Architecture
While the downtown and New Center areas boast its share of high-rise buildings, the majority of the outskirts of Detroit real estate consists of low-rise structures, single-family homes, and most recently some new condo developments. Outside of the city's downtown, apartments, high-rises, and loft style condos are found in neighborhoods such as the East Riverfront extending toward Grosse Pointe and the Palmer Park neighborhood just west of Woodward. High-rise projects that have been popular in Detroit include Garden Lofts, Detroit Towers, Many of the city's neighborhoods were constructed prior to World War II, and feature the architecture of the times.
Wood or aluminum frame homes, brick ranches, bungalows and colonials in the working class neighborhoods, larger brick homes in vast middle class neighborhoods, and ornate mansions in neighborhoods such as Brush Park, Woodbridge, Indian Village, Palmer Woods, Sherwood Forest, and of course in the Voigt Park subdivision located in the famous Boston Edison District. The Boston Edison District is unique because it is one of the few communities in the city of Detroit where a handful of homes were designed by well known architects such as Albert Kahn and boast upwards of 10,000-15,000 square feet. The Boston Edison District is in the vicinity of Chicago and Woodward Avenue.
Bank foreclosures have never been so evident in the city as in the past three years. The resulting decrease in property values has made it increasingly difficult for homeowner to refinance their homes. More and more homeowners cannot afford the property taxes to live in the city of Detroit, and the population has decreased because many homeowners are finding it more economical to live in the suburbs.
The oldest neighborhoods are along the Woodward and Jefferson corridors, while newer neighborhoods, built as late as the 1950s, are found in the far west and closer to 8 Mile Road. 8 Mile Road, known by many due to the film 8 Mile, forms the dividing line between Detroit on the south and the suburbs of Macomb and Oakland counties on the north. It is also known as Baseline Road outside of Detroit, because it coincides with the baseline used in surveying Michigan; that baseline is also the boundary for a number of Michigan counties as well as the boundary for Illinois and Wisconsin.
Some of the oldest extant neighborhoods include Corktown, a working class, formerly Irish neighborhood, and Brush Park. Both are now seeing million dollar redevelopments and construction of new homes and condos.
For more information about the beautiful City of Detroit, contact Detriot Real Estate Agent MARK Z. & Associates.
Detroit Skyscrapers
Building | Height | Floors | Year Built |
| Marriott Renaissance Center | 726 ft | 73 | 1977 |
| One Detroit Center | 619 ft | 45 | 1992 |
| Penobscot Building | 566 ft | 46 | 1928 |
| Renaissance Center 400 Tower | 508 ft | 39 | 1977 |
| Renaissance Center 200 Tower | 508 ft | 39 | 1977 |
| Renaissance Center 300 Tower | 508 ft | 39 | 1977 |
| Renaissance Center 100 Tower | 508 ft | 39 | 1977 |
| Guardian Building | 489 ft | 40 | 1929 |
| Book Tower | 475 ft | 39 | 1926 |
| 150 West Jefferson | 450 ft | 30 | 1989 |
| Fisher Building | 444 ft | 30 | 1928 |
| Cadillac Tower | 437 ft | 40 | 1927 |
| David Stott Building | 437 ft | 32 | 1929 |
| One Woodward Building | 430 ft | 32 | 1962 |
| McNamara Federal Building | 393 ft | 27 | 1976 |
| 211 West Fort Street | 380 ft | 26 | 1963 |
| Detroit Edison Plaza | 374 ft | 25 | 1971 |
| David Broderick Tower | 371 ft | 34 | 1928 |
| Buhl Building | 366 ft | 29 | 1925 |
| Book-Cadillac Hotel | 351 ft | 32 | 1924 |
| Renaissance Center 500 Tower | 339 ft | 21 | 1981 |
| Renaissance Center 600 Tower | 339 ft | 21 | 1981 |
| Blue Cross/Blue Shield Service Center | 339 ft | 22 | 1971 |
| First National Building | 338 ft | 25 | 1930 |
| 1001 Woodward | 338 ft | 23 | 1965 |
| Millender Center Apartments | 334 ft | 33 | 1985 |
| SBC Building Addition | 327 ft | 17 | 1974 |
| Trolley Plaza Apartments | 325 ft | 28 | 1981 |
| The Dime Building | 324 ft | 23 | 1913 |
| Jeffersonian Apartments | 322 ft | 30 | 1965 |
| SBC Building | 319 ft | 18 | 1912 |
| Coleman A. Young Municipal Center | 318 ft | 19 | 1955 |
| Penobscot Annex | 310 ft | 23 | 1913 |
| 1300 Lafayette East Cooperative | 305 ft | 29 | 1961 |
| Riverfront Towers III | 305 ft | 29 | 1983 |
| Riverfront Towers II | 305 ft | 29 | 1983 |
| David Whitney Building | 272 ft | 21 | 1916 |
| Water Board Building | 259 ft | 23 | 1928 |
| Kales Building | 258 ft | 18 | 1914 |
| Washington Boulevard Apartments | 255 ft | 19 | 1923 |
| Grand Park Centre | 250 ft | 19 | 1922 |
| Henry Ford Hospital and Clinic | 249 ft | 19 | 1955 |
| Wayne County Building | 247 ft | 5 | 1902 |
| Hotel Pontchartrain | 245 ft | 25 | 1965 |
| Park Place Apartments | 240 ft | 22 | 1928 |
| United Artist Theater Building | 230 ft | 18 | 1928 |
| Michigan Central Railroad Station | 230 ft | 16 | 1913 |
| Pavilion Apartments | 220 ft | 22 | 1958 |
| Cadillac Place | 220 ft | 15 | 1921 |
| Park Apartments | 212 ft | 18 | 1926 |
| Detroit Masonic Temple | 210 ft | 14 | 1926 |
| Bank One Building | 204 ft | 14 | 1959 |
Detroit Local Business
Metro Detroit is host to the headquarters for the U.S. Army Tank Automotive and Armaments Command, known as TACOM, with Selfridge Air National Guard Base. Detroit Metropolitan Airport is one of Americas largest and most recently modernized facilities and very large employer. Borg Warner, TRW Automotive Holdings, Compuware, IBM, Google, and Covansys all chose Metro Detroit for their new headquarters or as a major presence in Metro Detroit. Quicken Loans, National City Bank, Ernst & Young, GMAC, Visteon and OnStar are all companies that have been expanding the past few years in Detroit.
Detroit Entertainment & Recreation
A little over 15 million people visit metro Detroit annually spending almost $4.5 billion. Detroit is the largest city or metro area to offer casino resorts. It is home to MGM Grand Detroit, MotorCity Casino, Greektown Casino, and nearby Casino Windsor. Some of the main attractions each year include the North American International Auto Show, the Windsor-Detroit International Freedom Festival, Tastefest, and most recently Detroit was the host to Super Bowl XL.
Detroit has entertainment for all, depending on the season. During the cold winter months, the Motown Winter Blast attracted a crowd of 1.2 million people to Campus Martius Park area in downtown as well as downhill and cross country skiing at Alpine Valley Ski Resort, Mt. Brighton, Mt. Holly, and Pine Knob Ski Resort.
During the hot summer months, Detroits metroparks include Kensington Beach, Metropolitan Beach, and Stoney Creek Beach. Metro Detroit also hosts the Woodward Dream Cruise and Downriver Dream Cruise during mid summer months.
Metro Detroit contains a number of upscale shopping malls including the Somerset Collection in Troy and Twelve Oaks Mall in Novi.
The regions leading attraction is The Henry Ford Museum, the Americas largest indoor-outdoor museum complex.
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For more information about the beautiful City of Detroit, contact Detroit Real Estate Agent MARK Z. & Associates.
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