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    4120 Seven Mile Rd Detroit, MI 48234

    For Sale
    $149,900

    0.52-acre lot, B-4 zoning, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 0.52-acre commercial land parcel, located at 4120 Seven Mile Road in Detroit, Michigan, presents a unique investment opportunity. Situated in a high-traffic intersection, this fully paved lot is zoned B-4, offering a wide range of potential commercial uses. The property's convenient location in Wayne County, with a zip code of 48234, ensures excellent visibility and accessibility. The asking price is $149,900, translating to a price per acre of $288,269. The property's Assessed Parcel Number (APN) is 13008310-8. This prime location, combined with the readily available infrastructure of a fully paved lot, makes this an ideal site for a variety of businesses seeking high visibility and convenient access for customers. The B-4 zoning provides flexibility for a range of commercial developments, making this a compelling investment for both short-term and long-term growth. Don't miss this chance to acquire a valuable piece of Detroit commercial real estate.

    Property Features for 4120 Seven Mile Rd

    General Information

    Property type
    Land
    Lot Size
    22,651 SF

    HighLights

    • 0.52‑acre commercial lot available.
    • B‑4 zoning.
    • High‑traffic intersection location.
    • Fully paved lot.
    • $149,900 sale price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.062462
    Latitude
    42.432909

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    FAQs

    What type of property is this?
    Land - 0.52-acre lot, B-4 zoning, high traffic.
    Where is this land located?
    The property is located at 4120 Seven Mile Rd Detroit, MI.
    What is the asking price?
    The asking price for this property is $149,900.
    What are key features of this property?
    This property features: 0.52-acre commercial lot available.; B-4 zoning.; High-traffic intersection location.
    (248) 359-0647
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    4120 Seven Mile Rd Detroit, MI 48234
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    Detroit, MI 48234
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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
    4120 Seven Mile Rd Detroit, MI 48234
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