Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    29416 Michigan Ave Inkster, MI 48141

    Sponsored
    For Sale
    $125,000

    Vacant Land - Inkster, MI

    Lot size:
    1.22 Acres
    Days on Market:
    186
    Last Refresh:
    Feb 2 at 8:06 am

    Property Features for 29416 Michigan Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Cleared
    Zoning
    Commercial,Multi-Family,Multiple,Office
    APN
    44011020001000
    Exterior features
    Sidewalks, Cleared
    Lot size
    1.22 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Fadi Dabaja
    Fadi Dabaja

    eXp Realty (888) 501-7085

    Listing agent Fadi Dabaja (888) 501-7085

    Listing date Aug 1, 2025

    MLS# 20251003295 Listing URL

    Copyright © 2026 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.

    Learn more

    Property Insight Report

    Overview

    Prime Vacant Land in Inkster

    This 1.22-acre lot is located at the intersection of Michigan Avenue and Middlebelt Road in Inkster. The property features 325 feet of frontage on Michigan Avenue. It is located within the Equity Subdivision and is served by the Wayne-Westland School District, surrounded by residential neighborhoods and retail zones. The site is zoned B-3 General Business District, which allows for retail and service businesses, mortuaries, bus stations, government and utility offices, restaurants (without drive-thru), massage offices, data centers, indoor recreation facilities, veterinary clinics (fully enclosed), minor auto repair, wholesale and distribution centers, medical marijuana provisioning centers, religious institutions, vehicle and trailer showrooms, and self-storage facilities. Utilities are available, including above-ground services and sewer access at the street. The location provides access to I-94, US-12, and Detroit Metro Airport. The site is suitable for a retail plaza, boutique offices, town-homes, or a mixed-use space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Inkster
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3298925
    Latitude
    42.289885

    Nearby Similar for Sale

    • $49,900
      0.09 Acres

      Inkster Vacant Land Opportunity

      Vacant land with potential for expansion or outdoor use.
      3512 Hickory St, Inkster, MI 48141
      View Details
    • $549,900

      Michigan Avenue Commercial Parcels For Sale

      Two parcels on Michigan Avenue with high visibility and accessibility.
      26905 Michigan Ave, Inkster, MI 48141
      View Details
    • $250,000

      Versatile Commercial Building in Inkster

      Commercial building in Inkster, formerly the city's police station.
      710 Middlebelt Rd, Inkster, MI 48141
      View Details
    • $289,900

      Established Mechanic Shop For Sale

      Well-known mechanic shop on high-traffic corner, excellent visibility.
      866 Inkster Rd, Inkster, MI 48141
      View Details
    • $210,000
      3,635 SF

      Inkster Industrial Building For Sale

      3,635 sq ft industrial building in Inkster, Michigan.
      2650 Bayhan St, Inkster, MI 48141
      View Details
    • $99,900

      Mechanic Shop Prime Location

      Mechanic shop for sale with excellent income potential.
      28474 Michigan Ave, Inkster, MI 48141
      View Details
    • $99,900

      Mechanic Shop Prime Location

      Mechanic shop for sale with excellent income potential.
      28474 Michigan Ave, Inkster, MI 48141
      View Details
    • $50,000

      Inkster Automotive Building For Sale

      Automotive building with two garage doors, sold as-is.
      28805 Carlysle St, Inkster, MI 48141
      View Details
    • $750,000
      7,200 SF

      Inkster Industrial Property - Huge Potential

      2.29 Acres, 7200 sqft, Marijuana Zoning
      30191 Michigan Ave, Inkster, MI 48141
      View Details
    • $210,000
      3,635 SF

      Inkster Industrial Building - Great Value

      Spacious industrial building, fenced lot, 3-phase power.
      2650 Bayhan St, Inkster, MI 48141
      View Details
    • $399,900
      7,176 SF

      Inkster Industrial Building - Great Potential

      7,176 sq ft industrial space, prime Inkster location.
      26110 Michigan Ave, Inkster, MI 48141
      View Details
    • $475,000
      9,035 SF

      Inkster Industrial Property - $475K

      9,035 SF Industrial Space, Prime Location
      1371 Inkster Rd, Inkster, MI 48141
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.22-acre lot on Michigan Avenue, ideal for development.
    Where is this commercial land located?
    The property is located at 29416 Michigan Ave Inkster, MI.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: - 1.22-acre lot with **325 feet of frontage on Michigan Avenue** at Middlebelt Road, offering high visibility.; - Located in Inkster's B-3 General Business District, allowing for a wide range of uses.; - Utilities are readily available, simplifying new construction.
    (313) 600-6189
    Request Owner's contact information
    29416 Michigan Ave Inkster, MI 48141
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    29416 Michigan Ave
    Inkster, MI 48141
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    29416 Michigan Ave Inkster, MI 48141
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Fadi Dabaja
    Fadi Dabaja
    Real Estate License ID: 6506045188
    (313) 600-6189
    Learn more
    Google sign-in failed. Please try again or use another login method.