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    14500 King Rd Riverview, MI 48193

    Sponsored
    For Sale
    $95,000

    Prime 1-acre development site in Riverview, MI.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1-acre commercial land parcel presents a remarkable investment opportunity in the thriving Riverview, Michigan market. Located in the heart of the medical and professional office district, this property boasts an ideal location with convenient access to major healthcare facilities, including Henry Ford Brownstown, Wyandotte, and Beaumont Trenton Hospitals. The site is zoned OS-1, Office Service District, allowing for a variety of development possibilities. All utilities are readily available at the property line, simplifying the development process. The property's advantageous location, combined with its zoning and utility access, makes it an attractive prospect for developers seeking to capitalize on the area's strong growth trajectory. The parcel features a total area of one acre, as indicated by the lot size. The Wayne County Assessor's Parcel Number (APN) is 51 018 01 0003 000. The current annual property tax assessment is $3,058. This property is offered at a compelling price of $95,000, representing a significant value proposition for discerning investors. The address is 14500 King Rd, Riverview, MI 48193.

    Property Features for 14500 King Rd

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • Outstanding 1‑acre development site in Riverview, MI.
    • Located in Riverview's medical and professional office district.
    • Near Henry Ford Brownstown & Wyandotte, and Beaumont Trenton Hospitals.
    • All utilities available at the site.
    • OS‑1 Office Service District zoning.
    • Annual property tax: $3,058.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Riverview
    County
    Wayne
    State
    Michigan
    Longitude
    -83.198832
    Latitude
    42.156323

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    FAQs

    What type of property is this?
    Land - Prime 1-acre development site in Riverview, MI.
    Where is this land located?
    The property is located at 14500 King Rd Riverview, MI.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: Outstanding 1-acre development site in Riverview, MI.; Located in Riverview's medical and professional office district.; Near Henry Ford Brownstown & Wyandotte, and Beaumont Trenton Hospitals.
    (248) 324-2000
    Request Owner's contact information
    14500 King Rd Riverview, MI 48193
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    Riverview, MI 48193
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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
    14500 King Rd Riverview, MI 48193
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