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    11940 Conner St Detroit, MI 48205

    Sponsored
    For Sale
    $1,534,000

    2.31 Acres, R-3 Zoning, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 2.31-acre Detroit land portfolio comprises fourteen lots strategically located on Conner St, W Jefferson Ave, and W Warren Ave. Zoned R-3, this offering presents a significant redevelopment opportunity, particularly given its proximity to key infrastructure improvements. Multiple lots are situated directly across from Coleman A. Young Municipal Airport, currently undergoing a major transformation after nearly 30 years. One lot is adjacent to the Gordie Howe International Bridge, benefiting from increased traffic and economic growth in the Windsor-Detroit region. The portfolio includes a retail center and several vacant lots, offering diverse development possibilities. The combined parcels present a unique chance to capitalize on Detroit's revitalization, with high visibility and access to major transportation routes. APN numbers include 21-046341, 21-046340, 21-046339, 21-046338, 21-046337, 21-046336, 21-0462778, 21-046291, 21-0463023, 21-0463178, 22-000267, 18-000093, 34-005-08-0008-000. The asking price is $1,534,000, translating to $664,069 per acre. Detailed aerial views of the included lots are available. This is a prime investment opportunity in a rapidly developing area.

    Property Features for 11940 Conner St

    General Information

    Property type
    Land
    Lot Size
    100,624 SF

    HighLights

    • 14 parcels totaling 2.31 acres, ideal for redevelopment.
    • Strategic locations on Conner St, W Warren Ave, and W Jefferson Ave.
    • Proximity to Coleman A. Young Municipal Airport and the Gordie Howe International Bridge.
    • High visibility.
    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 Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0060494
    Latitude
    42.4120882

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    FAQs

    What type of property is this?
    Land - 2.31 Acres, R-3 Zoning, High Potential
    Where is this land located?
    The property is located at 11940 Conner St Detroit, MI.
    What is the asking price?
    The asking price for this property is $1,534,000.
    What are key features of this property?
    This property features: 14 parcels totaling 2.31 acres, ideal for redevelopment.; Strategic locations on Conner St, W Warren Ave, and W Jefferson Ave.; Proximity to Coleman A. Young Municipal Airport and the Gordie Howe International Bridge.
    Request Owner's contact information
    11940 Conner St Detroit, MI 48205
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    Detroit, MI 48205
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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
    11940 Conner St Detroit, MI 48205
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