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    4820 Concord Ave Detroit, MI 48207

    Sponsored
    For Sale
    $30,000

    Vacant lot, 0.1 acres, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 0.1-acre commercial land parcel presents a unique investment opportunity in Detroit, Michigan. Located at 4820 Concord Ave, in the burgeoning Island View neighborhood, this property is zoned for residential development, offering significant potential for future growth. The convenient location provides easy access to several key areas, including Belle Isle, Indian Village, and the Jefferson Corridor, ensuring high visibility and strong potential for attracting residents or businesses. The property's APN is W15I010888S. This vacant lot is ideal for developers seeking a strategic entry point into a rapidly developing area. The asking price is $30,000. Note that this property may be part of a package deal with other available parcels in the area, providing an opportunity for larger-scale development projects. The property's address is verified as 4820 Concord Ave, Detroit, MI 48207, situated in Wayne County. Its geographical coordinates are latitude 42.3720209 and longitude -83.0218852. This is a rare chance to acquire a piece of land in a highly sought-after Detroit neighborhood. Serious inquiries are encouraged.

    Property Features for 4820 Concord Ave

    General Information

    Property type
    Land
    Lot Size
    4,356 SF

    HighLights

    • $30,000 asking price for a 0.1‑acre commercial land parcel.
    • Located at 4820 Concord Ave, Detroit, MI 48207 (APN: W15I010888S).
    • Residential zoning.
    • Strategically located in the up‑and‑coming Islandview neighborhood.
    • Minutes from Belle Isle, Indian Village, and the Jefferson Corridor.
    • Potential package deal with adjacent parcels available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0218852
    Latitude
    42.3720209

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    FAQs

    What type of property is this?
    Land - Vacant lot, 0.1 acres, prime location.
    Where is this land located?
    The property is located at 4820 Concord Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $30,000.
    What are key features of this property?
    This property features: $30,000 asking price for a 0.1-acre commercial land parcel.; Located at 4820 Concord Ave, Detroit, MI 48207 (APN: W15I010888S).; Residential zoning.
    Request Owner's contact information
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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
    4820 Concord Ave Detroit, MI 48207
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