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    314 Mount Vernon Ave Grosse Pointe Farms, MI 48236

    For Sale
    Contact for pricing

    Vacant Land - Grosse Pointe Farms, MI

    Lot size:
    0.08 Acres
    Days on Market:
    124
    Last Refresh:
    Dec 6 at 4:06 pm

    Property Features for 314 Mount Vernon Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    APN
    38010070022000
    Lot size
    0.08 Acres

    Building Details

    Architectural style
    Other

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

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

    Listing date Aug 5, 2025

    MLS# 20221031973 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

    Residential Land in Grosse Pointe

    This residential land is located in Grosse Pointe Farms, MI, and offers a buyer the opportunity to develop the property. The site is within walking distance to the Q-Line and New Center Area. The buyer must submit a proposal to purchase, including construction plans or precedent agriculture images of proposed development and a financing plan with proof of funds or a pre-approval letter on a new construction loan. Please note that the DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. 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 will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing. The lot size is 0.08 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Grosse Pointe Farms
    County
    Wayne
    State
    Michigan
    Longitude
    -82.90696
    Latitude
    42.40474

    FAQs

    What type of property is this?
    Land - Vacant land within walking distance to the Q-Line.
    Where is this land located?
    The property is located at 314 Mount Vernon Ave Grosse Pointe Farms, MI.
    What is the asking price?
    The asking price for this property is $9,900.
    What are key features of this property?
    This property features: - Walking distance to Q-Line and New Center Area.; - Opportunity for new construction development.; - Requires submission of construction plans or precedent agriculture images.
    (248) 440-2268
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    314 Mount Vernon Ave Grosse Pointe Farms, MI 48236
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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
    314 Mount Vernon Ave Grosse Pointe Farms, MI 48236
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