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    4500 Lawton St Detroit, MI 48208

    Sponsored
    For Sale
    $325,000

    Prime Detroit land, ideal for mixed-use development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This 1.36-acre commercial and industrial land parcel, located at 4500 Lawton St, Detroit, MI 48208 (APN: 10-008591), is offered at $325,000 ($238,971/acre). The property is zoned SD2 Special Zoning, allowing for a wide range of uses or potential zoning changes to accommodate various project types. A 2021 environmental study is available. This exceptional opportunity is enhanced by the adjacency of a 0.69-acre city-owned lot, potentially available to the purchaser, further expanding development possibilities. The location boasts unparalleled connectivity, situated one block from I-96 and close to I-94, providing easy access to downtown Detroit (4 miles away), the Detroit-Windsor Tunnel, Ambassador Bridge, and Gordie Howe International Bridge (all within 15 minutes). The property's strategic position near recent retail development and kitty-corner from the Bridge Housing Development underscores its potential for significant return. The sub-market is Detroit West of Woodward, with cross streets at W Warren Ave and Lawton St. This is a rare chance to acquire a substantial parcel in a rapidly growing area of Detroit.

    Property Features for 4500 Lawton St

    General Information

    Property type
    Land
    Lot Size
    59,242 SF

    HighLights

    • 0.69‑acre Detroit City Land Bank parcel available adjacent to subject property.
    • Mixed‑use zoning in attractive Special Development District.
    • One block from I‑96, convenient to I‑94.
    • Four miles from Downtown Detroit and the Detroit‑Windsor Tunnel.
    • Less than 15‑minute drive to Ambassador Bridge and Gordie Howe International Bridge.
    • Across the street from Bridge Housing Development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Former Michigan Pressed ... Historical Landmark

    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
    -83.0924009
    Latitude
    42.3446263

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    FAQs

    What type of property is this?
    Land - Prime Detroit land, ideal for mixed-use development.
    Where is this land located?
    The property is located at 4500 Lawton St Detroit, MI.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: 0.69-acre Detroit City Land Bank parcel available adjacent to subject property.; Mixed-use zoning in attractive Special Development District.; One block from I-96, convenient to I-94.
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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
    4500 Lawton St Detroit, MI 48208
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