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    Superior St Southgate, MI 48195

    Sponsored
    For Sale
    $350,000

    Prime Southgate development land, residential zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6.97-acre commercial land parcel presents a unique investment opportunity in Southgate, Michigan. Located on Superior Street, this property boasts a desirable R-1 (Residential) zoning classification, offering considerable development potential. The expansive lot, measuring approximately 753 feet by 402 feet, is ideally situated amidst high-end homes, suggesting a strong potential for high-value residential projects. The asking price is $350,000, translating to a competitive $50,000 per acre. The property's location in Wayne County, Michigan, with a zip code of 48195, provides easy access to major transportation routes and amenities. The parcel's size and zoning make it suitable for a variety of development options, appealing to both seasoned developers and investors seeking a promising land acquisition in a thriving community. The property's APN is 53-015-99-0065-704. This is a rare opportunity to acquire a substantial land holding in a sought-after area. Serious inquiries are encouraged.

    Property Features for 0 Superior St

    General Information

    Property type
    Land
    Lot Size
    303,613 SF

    HighLights

    • 6.97‑acre land parcel available for sale.
    • R‑1 residential zoning.
    • Lot dimensions: approximately 753' x 402'.
    • Located amongst upscale residential properties.
    • Offered at $350,000 ($50,000 per acre).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Southgate
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2047294
    Latitude
    42.2062974

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    FAQs

    What type of property is this?
    Land - Prime Southgate development land, residential zoning.
    Where is this land located?
    The property is located at Superior St Southgate, MI.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 6.97-acre land parcel available for sale.; R-1 residential zoning.; Lot dimensions: approximately 753' x 402'.
    (248) 226-1814
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    Superior St Southgate, MI 48195
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    Southgate, MI 48195
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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
    Superior St Southgate, MI 48195
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