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    3600 Oakwood Blvd Melvindale, MI 48122

    Sponsored
    For Sale
    Contact for pricing

    3.03 Acres, High Visibility, C-1 Zoning

    Property size:
    1,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.03-acre commercial land parcel in Melvindale, Michigan, presents a unique investment opportunity. Located on Oakwood Boulevard, this property enjoys high visibility due to its prominent frontage on a major thoroughfare connecting dense residential areas. The C-1, General Shopping District zoning allows for a wide range of commercial, residential, or mixed-use developments, providing flexibility for diverse project visions. The lot size accommodates buildings ranging from 1,500 to 30,000 square feet. Its strategic location offers easy access to major roadways, local amenities, and the vibrant Fairlane Green shopping center in nearby Allen Park, ensuring high traffic and customer accessibility. Development options include build-to-suit, ground lease, or outright purchase. The property's configuration also allows for the possibility of incorporating a drive-thru facility as part of a pad site development. This prime location and versatile zoning make this an ideal site for developers and investors seeking a high-impact commercial venture in a thriving community. The property's address is 3600 Oakwood Blvd, Melvindale, MI 48122.

    Property Features for 3600 Oakwood Blvd

    General Information

    Property type
    Land
    Square Feet
    1,500 SF
    Lot Size
    131,987 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Drug Basics Pharmacy

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Melvindale
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1832305
    Latitude
    42.2812865

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    FAQs

    What type of property is this?
    Land - 3.03 Acres, High Visibility, C-1 Zoning
    Where is this land located?
    The property is located at 3600 Oakwood Blvd Melvindale, MI.
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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
    3600 Oakwood Blvd Melvindale, MI 48122
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