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    3641 Meldrum St Detroit, MI 48207

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    For Sale
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    Vacant lot, M3 zoning, Islandview.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 0.1-acre commercial land parcel, located at 3641 Meldrum Street in Detroit, Michigan, presents a unique investment opportunity. Situated in the burgeoning Islandview neighborhood, this property is zoned M3 Industrial, offering a wide range of potential uses. The lot's convenient location provides easy access to key areas, including Belle Isle, downtown Detroit, and the West Village, ensuring excellent connectivity and visibility. The property's APN is W15I013722S, and its address is verified within Wayne County, Michigan, zip code 48207. This vacant lot is ready for immediate development, making it ideal for entrepreneurs and investors seeking a strategic foothold in a rapidly growing area. Note that this property may be part of a package deal with other available parcels, providing potential for significant economies of scale. The asking price for this prime industrial land is $25,000. Interested parties are encouraged to act quickly to secure this exceptional opportunity. The geographic coordinates are 42.3621467 latitude and -83.0209075 longitude.

    Property Features for 3641 Meldrum St

    General Information

    Property type
    Land
    Lot Size
    4,356 SF

    HighLights

    • 0.1‑acre commercial lot in Detroit's Islandview neighborhood.
    • M3 Industrial zoning allows diverse development options.
    • Excellent location with easy access to Belle Isle, Downtown Detroit, and West Village.
    • APN W15I013722S, address verified in Wayne County, MI 48207.
    • Vacant lot ready for immediate development; asking price $25,000.
    • May be part of a larger package deal.
    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
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0209075
    Latitude
    42.3621467

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    FAQs

    What type of property is this?
    Land - Vacant lot, M3 zoning, Islandview.
    Where is this land located?
    The property is located at 3641 Meldrum St Detroit, 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: 0.1-acre commercial lot in Detroit's Islandview neighborhood.; M3 Industrial zoning allows diverse development options.; Excellent location with easy access to Belle Isle, Downtown Detroit, and West Village.
    Request Owner's contact information
    3641 Meldrum St Detroit, MI 48207
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    Detroit, MI 48207
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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
    3641 Meldrum St Detroit, MI 48207
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