vacant land for sale - loopnet · 2017-10-17 · vacant land for sale disclosure: we obtained this...

22260 Hall Rd., Clinton Twp., MIVacant Land For Sale

Disclosure: We obtained this information from sources we believe to be reliable; however, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property or business. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

Summary:• Vacant parcel - 1.37 acres• Corner site

Locations Commercial Real Estate Services32000 Northwestern Highway, Ste. 275Farmington Hills, MI 48334248-516-7777 • www.LocationsMI.com

Contact: Harry DikhoDirect: [email protected]

Paul BensmanDirect: [email protected]

• Less than two miles west of I-94• Asking: $695,000

22260 Hall Rd. Clinton Twp, MI

Details:

• Retail-Pad - 1.37 Acres

• Southeast Corner of Hall Rd. and Elizabeth St. – just west of Groesbeck

• Zoning: B2 Community Business

• Traffic: 59k VPD

• Terms: Cash To Seller

• Asking Price: $695,000

• Price/Acre = $507,299


Aerial:


Proposed Use Site Plan


Demographic Source: Applied Geographic Solutions 04/2017, TIGER Geography page 1 of 5©2017, Sites USA, Chandler, Arizona, 480-491-1112

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EXPANDED PROFILE2000-2010 Census, 2017 Estimates with 2022 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 42.6283/-82.8868RF5

1 mi radius 3 mi radius 5 mi radius

PopulationEstimated Population (2017) 7,882 74,186 204,972Projected Population (2022) 8,024 76,164 209,029Census Population (2010) 7,327 68,703 193,092Census Population (2000) 5,828 57,309 169,440Projected Annual Growth (2017 to 2022) 142 0.4% 1,978 0.5% 4,057 0.4%

Historical Annual Growth (2010 to 2017) 555 1.1% 5,483 1.1% 11,880 0.9%

Historical Annual Growth (2000 to 2010) 1,499 2.6% 11,394 2.0% 23,652 1.4%

Estimated Population Density (2017) 2,510 psm 2,625 psm 2,611 psm

Trade Area Size 3.14 sq mi 28.26 sq mi 78.51 sq mi

HouseholdsEstimated Households (2017) 2,661 28,286 84,429Projected Households (2022) 2,772 29,710 87,982Census Households (2010) 2,402 25,439 77,641Census Households (2000) 1,927 21,684 67,723Estimated Households with Children (2017) 872 32.8% 9,311 32.9% 24,508 29.0%

Estimated Average Household Size (2017) 2.61 2.56 2.40

Average Household IncomeEstimated Average Household Income (2017) $84,074 $81,948 $77,371Projected Average Household Income (2022) $104,222 $102,769 $97,521

Estimated Average Family Income (2017) $98,816 $98,358 $94,192

Median Household IncomeEstimated Median Household Income (2017) $77,088 $73,571 $66,966Projected Median Household Income (2022) $91,193 $86,247 $78,758

Estimated Median Family Income (2017) $89,832 $89,884 $84,394

Per Capita IncomeEstimated Per Capita Income (2017) $30,159 $31,573 $32,013Projected Per Capita Income (2022) $37,740 $40,408 $41,188Estimated Per Capita Income 5 Year Growth $7,581 25.1% $8,835 28.0% $9,175 28.7%

Estimated Average Household Net Worth (2017) $591,915 $600,513 $513,919

Daytime Demos (2017)Total Businesses 475 3,162 6,917Total Employees 6,179 38,925 77,382Company Headquarter Businesses 4 0.8% 15 0.5% 25 0.4%

Company Headquarter Employees 96 1.5% 5,593 14.4% 8,529 11.0%

Employee Population per Business 13.0 12.3 11.2Residential Population per Business 16.6 23.5 29.6



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Lat/Lon: 42.6283/-82.8868RF5


Race & EthnicityWhite (2017) 6,179 78.4% 58,342 78.6% 167,863 81.9%Black or African American (2017) 1,206 15.3% 10,976 14.8% 24,657 12.0%American Indian or Alaska Native (2017) 22 0.3% 228 0.3% 546 0.3%Asian (2017) 184 2.3% 2,190 3.0% 5,899 2.9%Hawaiian or Pacific Islander (2017) 1 - 18 - 49 - Other Race (2017) 85 1.1% 664 0.9% 1,527 0.7%Two or More Races (2017) 204 2.6% 1,767 2.4% 4,431 2.2%

Not Hispanic or Latino Population (2017) 7,610 96.5% 71,893 96.9% 199,199 97.2%Hispanic or Latino Population (2017) 272 3.5% 2,293 3.1% 5,773 2.8%Not Hispanic or Latino Population (2022) 7,662 95.5% 73,007 95.9% 201,158 96.2%Hispanic or Latino Population (2022) 362 4.5% 3,157 4.1% 7,871 3.8%Not Hispanic or Latino Population (2010) 7,083 96.7% 66,798 97.2% 188,445 97.6%Hispanic or Latino Population (2010) 244 3.3% 1,905 2.8% 4,647 2.4%Not Hispanic or Latino Population (2000) 5,692 97.7% 55,985 97.7% 166,399 98.2%Hispanic or Latino Population (2000) 137 2.3% 1,324 2.3% 3,041 1.8%Projected Hispanic Annual Growth (2017 to 2022) 90 6.6% 864 7.5% 2,098 7.3%Historic Hispanic Annual Growth (2000 to 2017) 135 5.8% 969 4.3% 2,732 5.3%

Age Distribution (2017)Age Under 5 415 5.3% 4,442 6.0% 11,321 5.5%Age 5 to 9 Years 452 5.7% 4,914 6.6% 12,052 5.9%Age 10 to 14 Years 502 6.4% 5,009 6.8% 12,872 6.3%Age 15 to 19 Years 534 6.8% 4,774 6.4% 12,393 6.0%Age 20 to 24 Years 586 7.4% 4,997 6.7% 13,028 6.4%Age 25 to 29 Years 495 6.3% 4,700 6.3% 13,297 6.5%Age 30 to 34 Years 511 6.5% 4,667 6.3% 12,692 6.2%Age 35 to 39 Years 532 6.8% 4,880 6.6% 12,774 6.2%Age 40 to 44 Years 537 6.8% 5,181 7.0% 13,564 6.6%Age 45 to 49 Years 570 7.2% 5,364 7.2% 14,289 7.0%Age 50 to 54 Years 539 6.8% 5,581 7.5% 15,349 7.5%Age 55 to 59 Years 599 7.6% 5,496 7.4% 15,708 7.7%Age 60 to 64 Years 485 6.2% 4,593 6.2% 13,664 6.7%Age 65 to 74 Years 666 8.4% 5,867 7.9% 18,063 8.8%Age 75 to 84 Years 315 4.0% 2,635 3.6% 9,223 4.5%Age 85 Years or Over 143 1.8% 1,086 1.5% 4,684 2.3%Median Age 38.4 38.3 40.3

Gender Age Distribution (2017)Female Population 3,774 47.9% 37,154 50.1% 105,624 51.5%

Age 0 to 19 Years 871 23.1% 9,162 24.7% 23,651 22.4%Age 20 to 64 Years 2,251 59.6% 22,725 61.2% 63,573 60.2%Age 65 Years or Over 652 17.3% 5,266 14.2% 18,400 17.4%

Female Median Age 41.4 39.3 41.8

Male Population 4,108 52.1% 37,032 49.9% 99,349 48.5%Age 0 to 19 Years 1,033 25.1% 9,976 26.9% 24,987 25.2%Age 20 to 64 Years 2,604 63.4% 22,734 61.4% 60,791 61.2%Age 65 Years or Over 472 11.5% 4,321 11.7% 13,571 13.7%

Male Median Age 36.4 37.5 38.9



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Lat/Lon: 42.6283/-82.8868RF5


Household Income Distribution (2017)HH Income $200,000 or More 111 4.2% 1,409 5.0% 3,505 4.2%HH Income $150,000 to $199,999 247 9.3% 2,602 9.2% 5,823 6.9%HH Income $100,000 to $149,999 491 18.4% 5,247 18.5% 14,451 17.1%HH Income $75,000 to $99,999 401 15.1% 3,639 12.9% 11,469 13.6%HH Income $50,000 to $74,999 599 22.5% 5,078 18.0% 15,945 18.9%HH Income $35,000 to $49,999 252 9.5% 3,164 11.2% 10,253 12.1%HH Income $25,000 to $34,999 243 9.1% 2,147 7.6% 8,043 9.5%HH Income $15,000 to $24,999 164 6.2% 2,185 7.7% 7,896 9.4%HH Income Under $15,000 153 5.8% 2,815 10.0% 7,044 8.3%

HH Income $35,000 or More 2,101 78.9% 21,139 74.7% 61,446 72.8%HH Income $75,000 or More 1,250 47.0% 12,897 45.6% 35,248 41.7%

Housing (2017)Total Housing Units 2,755 29,419 87,429Housing Units Occupied 2,661 96.6% 28,286 96.1% 84,429 96.6%

Housing Units Owner-Occupied 2,339 87.9% 21,294 75.3% 62,087 73.5%Housing Units, Renter-Occupied 322 12.1% 6,992 24.7% 22,342 26.5%

Housing Units, Vacant 94 3.4% 1,133 3.9% 3,000 3.4%

Marital Status (2017)Never Married 2,274 34.9% 19,993 33.4% 53,773 31.9%Currently Married 3,042 46.7% 29,424 49.2% 80,545 47.7%Separated 154 2.4% 1,209 2.0% 3,574 2.1%Widowed 418 6.4% 2,977 5.0% 10,663 6.3%Divorced 625 9.6% 6,218 10.4% 20,173 12.0%

Household Type (2017)Population Family 5,999 76.1% 61,747 83.2% 167,180 81.6%Population Non-Family 941 11.9% 10,752 14.5% 35,428 17.3%Population Group Quarters 942 11.9% 1,687 2.3% 2,365 1.2%

Family Households 1,873 70.4% 19,271 68.1% 54,026 64.0%Non-Family Households 789 29.6% 9,016 31.9% 30,403 36.0%Married Couple with Children 586 19.3% 6,465 22.0% 16,884 21.0%Average Family Household Size 3.2 3.2 3.1

Household Size (2017)1 Person Households 665 25.0% 7,560 26.7% 26,108 30.9%2 Person Households 863 32.4% 8,818 31.2% 26,823 31.8%3 Person Households 425 16.0% 4,466 15.8% 12,759 15.1%4 Person Households 407 15.3% 4,479 15.8% 11,582 13.7%5 Person Households 194 7.3% 2,019 7.1% 4,996 5.9%6 or More Person Households 107 4.0% 944 3.3% 2,161 2.6%

Household Vehicles (2017)Households with 0 Vehicles Available 98 3.7% 2,331 8.2% 5,713 6.8%Households with 1 Vehicles Available 705 26.5% 8,606 30.4% 29,013 34.4%Households with 2 or More Vehicles Available 1,858 69.8% 17,349 61.3% 49,703 58.9%

Total Vehicles Available 5,177 51,929 151,983Average Vehicles Per Household 1.9 1.8 1.8



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Lat/Lon: 42.6283/-82.8868RF5


Labor Force (2017)Estimated Labor Population Age 16 Years or Over 6,415 58,827 166,142Estimated Civilian Employed 3,537 55.1% 37,032 63.0% 104,654 63.0%Estimated Civilian Unemployed 127 2.0% 1,867 3.2% 4,949 3.0%Estimated in Armed Forces 15 0.2% 55 0.1% 109 0.1%Estimated Not in Labor Force 2,737 42.7% 19,873 33.8% 56,430 34.0%Unemployment Rate 2.0% 3.2% 3.0%

Occupation (2010)Occupation: Population Age 16 Years or Over 3,822 37,211 104,444Management, Business, Financial Operations 612 16.0% 5,970 16.0% 16,350 15.7%Professional, Related 781 20.4% 8,052 21.6% 21,751 20.8%Service 616 16.1% 6,524 17.5% 18,561 17.8%Sales, Office 931 24.3% 8,610 23.1% 24,728 23.7%Farming, Fishing, Forestry 1 - 7 - 21 - Construct, Extraction, Maintenance 307 8.0% 2,674 7.2% 7,647 7.3%Production, Transport Material Moving 574 15.0% 5,374 14.4% 15,387 14.7%

White Collar Workers 2,325 60.8% 22,632 60.8% 62,829 60.2%Blue Collar Workers 1,498 39.2% 14,579 39.2% 41,616 39.8%

Consumer Expenditure (2017)Total Household Expenditure $166 M $1.73 B $4.95 B

Total Non-Retail Expenditure $90.6 M 54.5% $941 M 54.5% $2.69 B 54.3%Total Retail Expenditure $75.5 M 45.5% $785 M 45.5% $2.26 B 45.7%

Apparel $5.82 M 3.5% $60.5 M 3.5% $173 M 3.5%Contributions $7.49 M 4.5% $78.5 M 4.5% $218 M 4.4%Education $6.29 M 3.8% $67.2 M 3.9% $185 M 3.7%Entertainment $9.39 M 5.7% $97.4 M 5.6% $279 M 5.6%Food and Beverages $24.1 M 14.5% $250 M 14.5% $724 M 14.6%Furnishings and Equipment $5.83 M 3.5% $60.4 M 3.5% $172 M 3.5%Gifts $4.23 M 2.5% $44.4 M 2.6% $124 M 2.5%Health Care $12.9 M 7.8% $134 M 7.8% $393 M 7.9%Household Operations $4.89 M 2.9% $51.1 M 3.0% $143 M 2.9%Miscellaneous Expenses $2.41 M 1.5% $25.1 M 1.5% $72.9 M 1.5%Personal Care $2.15 M 1.3% $22.3 M 1.3% $64.2 M 1.3%Personal Insurance $1.27 M 0.8% $13.3 M 0.8% $37.1 M 0.7%Reading $369 K 0.2% $3.83 M 0.2% $11.0 M 0.2%Shelter $34.3 M 20.7% $357 M 20.7% $1.02 B 20.7%Tobacco $956 K 0.6% $9.90 M 0.6% $29.6 M 0.6%Transportation $31.5 M 19.0% $324 M 18.8% $939 M 19.0%Utilities $12.1 M 7.3% $126 M 7.3% $368 M 7.4%

Educational Attainment (2017)Adult Population Age 25 Years or Over 5,393 50,051 143,307Elementary (Grade Level 0 to 8) 134 2.5% 1,271 2.5% 3,705 2.6%Some High School (Grade Level 9 to 11) 394 7.3% 3,062 6.1% 8,733 6.1%High School Graduate 1,813 33.6% 13,662 27.3% 40,891 28.5%Some College 1,303 24.2% 12,575 25.1% 36,511 25.5%Associate Degree Only 569 10.6% 5,449 10.9% 16,299 11.4%Bachelor Degree Only 724 13.4% 9,005 18.0% 24,541 17.1%Graduate Degree 455 8.4% 5,028 10.0% 12,626 8.8%



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Lat/Lon: 42.6283/-82.8868RF5


Units In Structure (2010)1 Detached Unit 1,725 71.8% 18,783 73.8% 51,887 66.8%1 Attached Unit 393 16.3% 2,571 10.1% 11,315 14.6%2 to 4 Units 65 2.7% 995 3.9% 3,338 4.3%5 to 9 Units 56 2.3% 1,617 6.4% 4,799 6.2%10 to 19 Units 28 1.2% 672 2.6% 4,127 5.3%20 to 49 Units 21 0.9% 665 2.6% 1,733 2.2%50 or More Units 13 0.5% 918 3.6% 3,054 3.9%Mobile Home or Trailer 552 23.0% 2,198 8.6% 3,984 5.1%Other Structure - - 5 - 12 -

Homes Built By Year (2010)Homes Built 2005 or later 6 0.3% 102 0.4% 287 0.4%Homes Built 2000 to 2004 826 34.4% 6,702 26.3% 15,284 19.7%Homes Built 1990 to 1999 866 36.1% 6,721 26.4% 18,117 23.3%Homes Built 1980 to 1989 154 6.4% 3,824 15.0% 14,550 18.7%Homes Built 1970 to 1979 166 6.9% 2,575 10.1% 12,578 16.2%Homes Built 1960 to 1969 168 7.0% 1,778 7.0% 7,276 9.4%Homes Built 1950 to 1959 241 10.0% 2,140 8.4% 7,575 9.8%Homes Built Before 1949 150 6.3% 3,312 13.0% 6,285 8.1%

Home Values (2010)Home Values $1,000,000 or More 5 0.2% 5 - 20 - Home Values $500,000 to $999,999 26 1.2% 225 1.2% 670 1.2%Home Values $400,000 to $499,999 37 1.8% 323 1.7% 1,086 1.9%Home Values $300,000 to $399,999 228 10.9% 1,955 10.1% 4,767 8.3%Home Values $200,000 to $299,999 731 35.1% 6,800 35.2% 16,136 28.2%Home Values $150,000 to $199,999 416 20.0% 3,837 19.9% 13,083 22.8%Home Values $100,000 to $149,999 385 18.5% 3,675 19.0% 12,540 21.9%Home Values $70,000 to $99,999 181 8.7% 1,557 8.1% 5,643 9.8%Home Values $50,000 to $69,999 132 6.3% 961 5.0% 2,778 4.8%Home Values $25,000 to $49,999 200 9.6% 906 4.7% 2,374 4.1%Home Values Under $25,000 176 8.5% 1,145 5.9% 2,802 4.9%Owner-Occupied Median Home Value $163,323 $175,121 $165,793Renter-Occupied Median Rent $832 $711 $745

Transportation To Work (2010)Drive to Work Alone 3,691 91.3% 31,951 87.4% 88,706 88.5%Drive to Work in Carpool 232 5.7% 2,276 6.2% 6,175 6.2%Travel to Work by Public Transportation 2 - 335 0.9% 839 0.8%Drive to Work on Motorcycle 1 - 4 - 17 - Walk or Bicycle to Work 35 0.9% 511 1.4% 1,154 1.2%Other Means 12 0.3% 235 0.6% 681 0.7%Work at Home 70 1.7% 1,234 3.4% 2,656 2.6%

Travel Time (2010)Travel to Work in 14 Minutes or Less 702 17.7% 7,932 22.5% 19,977 20.5%Travel to Work in 15 to 29 Minutes 1,200 30.2% 10,813 30.6% 32,759 33.6%Travel to Work in 30 to 59 Minutes 1,686 42.4% 14,628 41.4% 40,365 41.4%Travel to Work in 60 Minutes or More 160 4.0% 2,576 7.3% 8,559 8.8%Average Minutes Travel to Work 25.9 26.4 26.9

vacant land for sale - loopnet · 2017-10-17 · vacant land for sale disclosure: we obtained this...

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