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    8001 Chicago Rd Warren, MI 48093

    Sponsored
    For Sale
    $575,000

    2.84 Acres, C-2 & R1C Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 2.84-acre parcel in Warren, Michigan, presents a prime development opportunity. Located at 8001 Chicago Rd, this fee-simple property boasts 416 feet of frontage and is zoned C-2 and R1C, allowing for a mix of commercial and residential development. The site benefits from a high-traffic location at the intersection of Chicago Road and Van Dyke Avenue, experiencing 55,220 vehicles daily. Strong demographics support this venture, with a 5-mile radius encompassing a population of 306,658 and an average household income exceeding $81,000. The area is already commercially developed, with over 10,158 businesses within a 5-mile radius and several national retailers nearby, including a Lowe's Home Improvement Center directly across the street. The property comprises three parcels and is surrounded by established residential neighborhoods, creating a balanced and desirable environment for development. The asking price for this strategically positioned land is $575,000. This is a rare opportunity to capitalize on a high-demand location with significant potential for long-term growth and profitability. The property's location and zoning make it ideal for a variety of mixed-use projects.

    Property Features for 8001 Chicago Rd

    General Information

    Property type
    Land
    Lot Size
    123,710 SF

    HighLights

    • Prime development opportunity in Warren, MI.
    • 2.84 acres of C‑2 & R1C zoned land.
    • Three parcels included in sale.
    • High‑traffic location at Chicago Rd & Van Dyke Ave intersection.
    • 55,220 vehicles per day.
    • Strong demographics: 306,658 population and $81,000+ average household income within a 5‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Macomb
    State
    Michigan
    Longitude
    -83.026357
    Latitude
    42.524261

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    FAQs

    What type of property is this?
    Land - 2.84 Acres, C-2 & R1C Zoning
    Where is this land located?
    The property is located at 8001 Chicago Rd Warren, MI.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: Prime development opportunity in Warren, MI.; 2.84 acres of C-2 & R1C zoned land.; Three parcels included in sale.
    Request Owner's contact information
    8001 Chicago Rd Warren, MI 48093
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    Warren, MI 48093
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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
    8001 Chicago Rd Warren, MI 48093
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