7309 Payne Ave, Dearborn, MI 48126
This exceptional 7309 Payne Ave. lot presents a unique investment opportunity in the desirable East Dearborn, Michigan area. Priced at $39,999, this vacant residential land parcel offers significant potential for development. Located in Wayne County, MI, zip code 48126, the property's coordinates are 42.3447925 latitude and -83.192275 longitude. Its expansive size provides ample space for a variety of development projects, catering to diverse needs and visions. The strategic location within East Dearborn ensures easy access to key amenities, major transportation routes, and the vibrant urban core. This prime location in a thriving community makes it an ideal site for those seeking to capitalize on the area's growth and potential. The property is classified as residential land, providing a blank canvas for developers to create a residential complex, or other suitable project. The property's accessibility and proximity to urban centers make it an attractive option for both residential and potentially mixed-use developments. This is a rare opportunity to acquire a substantial piece of land in a highly sought-after location. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.