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    Euclid Ave Allen Park, MI 48101

    Sponsored
    For Sale
    Contact for pricing

    0.37 Acres, Zoned R1B, Three Lots

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 0.37-acre commercial land parcel in Allen Park, Michigan, presents a unique investment opportunity. Located on Euclid Avenue, in Wayne County, zip code 48101 (42.267684, -83.2056197), this property is zoned Residential (R1B) and offers significant potential for development. The site is conveniently situated and boasts a mostly cleared and flat terrain, making it ideal for various commercial ventures. The property comprises three separate lots, each with its own dimensions and potential. Lot A encompasses 0.24 acres (80' x 129'), while Lot B measures 0.13 acres (45' x 129'). The total acreage is 0.37 acres. This flexibility allows for individual lot sales or a combined development approach. Utilities are readily available, simplifying the construction process. The asking price for the entire 0.37-acre parcel is $25,000. This represents a compelling entry point into the Allen Park commercial real estate market. Don't miss this chance to acquire a versatile and well-located property with significant upside potential. Serious inquiries are encouraged.

    Property Features for 0 Euclid Ave

    General Information

    Property type
    Land
    Lot Size
    16,117 SF

    HighLights

    • $25,000 asking price.
    • 0.37‑acre commercial land parcel in Allen Park, MI.
    • Zoned Residential (R1B).
    • Three separate lots available for individual sale: Lot A (0.24 acres) and Lot B (0.13 acres).
    • Utilities available; mostly cleared and flat site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Allen Park
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2056197
    Latitude
    42.267684

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    FAQs

    What type of property is this?
    Land - 0.37 Acres, Zoned R1B, Three Lots
    Where is this land located?
    The property is located at Euclid Ave Allen Park, MI.
    What is the asking price?
    The asking price for this property is $25,000.
    What are key features of this property?
    This property features: $25,000 asking price.; 0.37-acre commercial land parcel in Allen Park, MI.; Zoned Residential (R1B).
    (248) 226-1814
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    Euclid Ave Allen Park, MI 48101
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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
    Euclid Ave Allen Park, MI 48101
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