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    2712 Cass Ave Detroit, MI 48201

    Sponsored
    For Sale
    $1,200,000

    Prime Commercial Lot, B4 Zoning, $1.2M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 0.11-acre commercial land parcel at 2712 Cass Ave, Detroit, MI 48201, presents a unique investment opportunity in the heart of the city. Located in Wayne County, this property boasts a highly desirable B4 zoning designation, opening doors to a wide range of commercial development possibilities. Its prime location places it steps from Little Caesars Arena, offering unparalleled proximity to major entertainment venues and the vibrant energy of downtown Detroit. The property is also within minutes of Comerica Park, Ford Field, numerous restaurants, casinos, shopping centers, and major highways, ensuring excellent accessibility and high visibility. The asking price of $1,200,000 reflects the exceptional value of this land and its strategic location. The property is sold "As Is," with the buyer responsible for verifying all information and data. This is a rare opportunity to acquire a commercial lot in a rapidly developing area of Detroit, offering significant potential for substantial return on investment. Don't miss this chance to be part of Detroit's urban renaissance. The property's latitude and longitude coordinates are 42.341221 and -83.0576591 respectively.

    Property Features for 2712 Cass Ave

    General Information

    Property type
    Mixed-use properties
    Lot Size
    4,792 SF

    HighLights

    • Exceptional Downtown Detroit location, near LCA, Comerica Park, and Ford Field.
    • As‑Is sale; land value‑driven pricing.
    • Rare development opportunity in a prime, high‑demand area.
    • B4 zoning allows for diverse commercial uses.
    • Buyer to verify all information.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Law Firm 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
    -83.0576591
    Latitude
    42.341221

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Commercial Lot, B4 Zoning, $1.2M
    Where is this mixed-use property located?
    The property is located at 2712 Cass Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Exceptional Downtown Detroit location, near LCA, Comerica Park, and Ford Field.; As-Is sale; land value-driven pricing.; Rare development opportunity in a prime, high-demand area.
    Request Owner's contact information
    2712 Cass Ave Detroit, MI 48201
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    Detroit, MI 48201
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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
    2712 Cass Ave Detroit, MI 48201
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