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    3338-3342 Bagley St Detroit, MI 48216

    For Sale
    $450,000

    Vacant, paved commercial parking lot in Mexicantown-Southwest Detroit.

    Lot size:
    0.14 Acres

    Property Features for 3338-3342 Bagley St

    General Information

    Lot size
    0.14 Acres

    Source: NAI Farbman - Corporate Agent Harrison Yaldoo

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

    Overview

    Commercial Lot in Southwest Detroit

    This property features a 0.14-acre commercial vacant paved parking lot. It is located in the Mexicantown-Southwest Detroit/Hubbard Farms District, blocks away from Corktown. The property is zoned B-4 General Business District.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0843248
    Latitude
    42.3237226

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    FAQs

    What type of property is this?
    Commercial land - Vacant, paved commercial parking lot in Mexicantown-Southwest Detroit.
    Where is this commercial land located?
    The property is located at 3338-3342 Bagley St Detroit, MI.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Paved parking lot: ready for immediate use and income generation.; - B-4 General Business District: suitable for a wide range of commercial ventures.; - 0.14 acres of usable land size for development or parking.
    (248) 353-0500
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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
    3338-3342 Bagley St Detroit, MI 48216
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