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    118 W Arizona St Highland Park, MI 48203

    Under Contract
    For Sale
    Contact for pricing

    Colonial - Highland Park, MI

    Property size:
    2,868 SF
    Lot size:
    0.14 Acres
    Days on Market:
    181
    Last Refresh:
    Dec 8 at 6:06 pm

    Property Features for 118 W Arizona St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    Residential
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3
    Bathrooms
    3
    APN
    W01I004576S
    Parking
    3
    Parking features
    Garage
    Basement Y/N
    1
    Size
    2,868 SF
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Hot Water (Heating), Natural Gas

    Building Details

    Year built
    1921
    Floors in Building
    2
    Building materials
    Brick
    Architectural style
    Colonial

    RCH Brokerage Legacy, Inc. (248) 440-2268 [email protected]

    Listing agent Leonard A Pickett III (248) 440-2268

    Listing date Jun 11, 2025

    MLS# 20230099946 Listing URL

    Copyright © 2025 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Highland Park Colonial Rehab Opportunity

    This property, bundled with vacant lot 128 Arizona, offers a total of 9,191 square feet. Zoned R2, the property requires a full rehabilitation. The property is located in Highland Park, MI. The existing structure is a 2,868 square foot residential property. Prospective buyers must submit a purchase proposal that includes detailed rehabilitation plans and a financing plan with proof of funds or pre-approval for a new construction loan. The lot size is approximately 0.14 acres. Please note that the Detroit Land Bank Authority (DLBA) is entitled to a tax capture for the five tax years following the transfer of ownership. This tax capture may not be compatible with other tax abatements available to the purchaser. The DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment amount will be determined after reviewing the development proforma and the effect of any tax abatement on the purchase and development financing. All proposals must be submitted by August 19, 2024, at 5 PM.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Highland Park
    County
    Wayne
    State
    Michigan
    Longitude
    -83.10396
    Latitude
    42.41869

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    FAQs

    What type of property is this?
    Single family property - Residential property and vacant lot bundle in Highland Park, Michigan.
    Where is this single family property located?
    The property is located at 118 W Arizona St Highland Park, MI.
    What is the asking price?
    The asking price for this property is $7,500.
    What are key features of this property?
    This property features: - Bundled with adjacent vacant lot totaling 9,191 sqft, increasing development potential.; - Zoned R2, allowing for various residential development options.; - Brick construction, offering durability and classic architectural appeal.
    (248) 440-2268
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    118 W Arizona St Highland Park, MI 48203
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