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    Detroit, MI

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    For Sale
    $225,000

    Large residential lot available in Detroit, Michigan.

    Lot size:
    0.41 Acres

    Property Features for

    General Information

    Lot size
    0.41 Acres
    Source: Moodyscre

    Listing Agent: Joe Stack

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Lot in Dense Neighborhood

    This property features a large lot situated within a densely populated residential neighborhood in Detroit, Michigan. The property is intended for residential use.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0602998
    Latitude
    42.348495

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    FAQs

    What type of property is this?
    Land - Large residential lot available in Detroit, Michigan.
    Where is this land located?
    The property is located at Detroit, MI.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: - Large lot; - Located in dense residential neighborhood
    (248) 359-0615
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    Detroit, MI
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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
    Detroit, MI
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