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    3945 Beaufait St Detroit, MI 48207

    Sponsored
    For Sale
    $30,000

    Prime 0.11-acre commercial lot in Detroit.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 0.11-acre commercial land parcel, located at 3945 Beaufait Street in Detroit, Michigan, presents a unique investment opportunity. Situated in Wayne County, zip code 48207, this property boasts a desirable location on Detroit's burgeoning lower east side, offering proximity to key areas such as Belle Isle, the West Village, and Downtown Detroit. The property's APN is W15I013319S. Currently zoned for residential use, this versatile lot holds significant potential for various commercial developments. The asking price is $30,000. This is a remarkable chance to acquire a piece of land in a rapidly developing neighborhood. Note that this property may be available as part of a package deal with other parcels. Interested parties are encouraged to conduct their own due diligence regarding zoning regulations and development possibilities. The latitude and longitude coordinates are 42.365004 and -83.021326 respectively. This is a rare opportunity to secure a foothold in a revitalizing area of Detroit.

    Property Features for 3945 Beaufait St

    General Information

    Property type
    Land
    Lot Size
    4,792 SF

    HighLights

    • 0.11‑acre commercial land parcel in Detroit, MI.
    • Located at 3945 Beaufait Street, Wayne County, zip code 48207.
    • Desirable location on Detroit's lower east side, near Belle Isle, West Village, and Downtown.
    • Currently zoned residential, offering potential for commercial development.
    • Asking price: $30,000.
    • May be part of a package deal.
    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
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.021326
    Latitude
    42.365004

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    FAQs

    What type of property is this?
    Land - Prime 0.11-acre commercial lot in Detroit.
    Where is this land located?
    The property is located at 3945 Beaufait St Detroit, MI.
    What is the asking price?
    The asking price for this property is $30,000.
    What are key features of this property?
    This property features: 0.11-acre commercial land parcel in Detroit, MI.; Located at 3945 Beaufait Street, Wayne County, zip code 48207.; Desirable location on Detroit's lower east side, near Belle Isle, West Village, and Downtown.
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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
    3945 Beaufait St Detroit, MI 48207
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