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    1093 Grand Blvd Detroit, MI 48207

    Sponsored
    For Sale
    $199,000

    Prime Detroit land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 0.29-acre commercial lot, located at 1093 E. Grand Boulevard in Detroit, Michigan (Wayne County, zip code 48207), presents a unique investment opportunity. The property, identified by APN 15-007954-5, is priced at $199,000, translating to a land value of $686,206 per acre. The lot boasts convenient dimensions of approximately 104 feet by 123 feet. This strategically located parcel offers significant potential for various commercial ventures. Existing infrastructure includes readily available sewer, storm drain, water, and gas services, simplifying development and reducing upfront costs. The property's prime location in Detroit provides easy access to major transportation routes and a thriving urban environment. This is a rare opportunity to acquire a well-situated, fully serviced commercial lot in a dynamic and growing city. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. Further details are available upon request.

    Property Features for 1093 Grand Blvd

    General Information

    Property type
    Land
    Lot Size
    12,632 SF

    HighLights

    • 0.29‑acre commercial lot available.
    • 104' x 123' lot dimensions.
    • Full utilities: sewer, storm drain, water, and gas.
    • $199,000 sale price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store 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
    -83.0183815
    Latitude
    42.3717046

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    FAQs

    What type of property is this?
    Land - Prime Detroit land, ideal for development.
    Where is this land located?
    The property is located at 1093 Grand Blvd Detroit, MI.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: 0.29-acre commercial lot available.; 104' x 123' lot dimensions.; Full utilities: sewer, storm drain, water, and gas.
    Request Owner's contact information
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    Detroit, MI 48207
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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
    1093 Grand Blvd Detroit, MI 48207
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