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    5913 Allen Rd Allen Park, MI 48101

    Sponsored
    For Sale
    $279,000

    3-Unit Building, Updated, High Exposure

    Property size:
    2,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property, located at 5913 Allen Road in Allen Park, Michigan, presents a compelling investment opportunity. The 2,300 square foot building, constructed in 1950 and extensively renovated in 2024, sits on a 0.04-acre lot and is zoned for commercial use. The property features three units: a first-floor retail space and two second-floor apartments with separate entrances. One apartment is a one-bedroom, one-bathroom unit, and the other is a studio. The building benefits from excellent visibility on Allen Road, offering significant potential for various uses. Recent updates enhance the property's appeal, and the convenient location includes free city parking at the rear. The asking price is $279,000, translating to $121.30 per square foot. This is a rare opportunity in a desirable location

    Property Features for 5913 Allen Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,300 SF
    Lot Size
    1,742 SF

    Building Details

    Year Built/Renovated
    1950/2024
    Buildings
    1
    Stories
    2
    Units
    3

    HighLights

    • Excellent investment opportunity: 3‑unit mixed‑use building in Allen Park, MI.
    • 2,300 SF building on a 0.04‑acre lot, recently renovated (2024).
    • Features first‑floor retail space and two second‑floor apartments (one 1‑bed/1‑bath, one studio).
    • High visibility on Allen Road with ample free city parking.
    • Asking price: $279,000 ($121.30/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Nemeth Barber Shop Barber Shop

    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
    Allen Park
    County
    Wayne
    State
    Michigan
    Longitude
    -83.205130443681
    Latitude
    42.260119002054

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    FAQs

    What type of property is this?
    Multifamily property - 3-Unit Building, Updated, High Exposure
    Where is this multifamily property located?
    The property is located at 5913 Allen Rd Allen Park, MI.
    What is the asking price?
    The asking price for this property is $279,000.
    What are key features of this property?
    This property features: Excellent investment opportunity: 3-unit mixed-use building in Allen Park, MI.; 2,300 SF building on a 0.04-acre lot, recently renovated (2024).; Features first-floor retail space and two second-floor apartments (one 1-bed/1-bath, one studio).
    (313) 646-7363
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    5913 Allen Rd 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
    5913 Allen Rd Allen Park, MI 48101
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