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Office Location 39500 Orchard Hill Place,
Suite 100
Novi, MI 48375
Phone: (248) 937-1337
Fax: (248) 504-4634

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Detroit MI Real Estate

Detroit is on a path of revitalizing its downtown area. With three new casinos, a Riverwalk, and the new Comerica Park for the Detroit Tigers as well as Ford Field for the Detroit Lions, it is well on its way. Downtown's Greektown is a bustling place for dining & nightlife while the Woodward Avenue Theater District is flourishing with ever changing performance arts and art galleries.

Real Estate Statistics

Total Listings: 3,384
Average Price: $34,016
Highest Listing Price: $950,000
Lowest Listing Price: $0
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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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