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    16500 Plymouth Rd Detroit, MI 48227

    For Sale
    $89,000

    Prime 0.15-acre lot, B4 zoning, two parcels.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional commercial land offering presents a unique investment opportunity in Detroit, Michigan. Located at 16500 Plymouth Road, this property encompasses 0.15 acres and includes two contiguous parcels: 16500 and 16510 Plymouth Road. The property is conveniently situated in Wayne County, with easy access to major transportation routes. The land is zoned B4, providing flexibility for a variety of commercial uses. Existing infrastructure includes readily available water and gas utilities, simplifying development plans. Furthermore, the property offers the added benefit of existing outside storage space. This is an ideal opportunity for developers, investors, or businesses seeking a strategically located parcel in a thriving area. The asking price for this exceptional property is $89,000. The property's location at 42.3726879 latitude and -83.2085977 longitude provides easy access to local amenities and transportation networks. Don't miss this chance to acquire a valuable piece of Detroit real estate. The zip code is 48227.

    Property Features for 16500 Plymouth Rd

    General Information

    Property type
    Land
    Lot Size
    6,534 SF

    HighLights

    • $89,000 asking price.
    • 0.15‑acre commercial land parcel.
    • Two lots included: 16500 and 16510 Plymouth Road.
    • B4 zoning.
    • Water and gas utilities available.
    • Outside storage available.
    Property Profile Insight Report 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 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
    -83.2085977
    Latitude
    42.3726879

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    FAQs

    What type of property is this?
    Land - Prime 0.15-acre lot, B4 zoning, two parcels.
    Where is this land located?
    The property is located at 16500 Plymouth Rd Detroit, MI.
    What is the asking price?
    The asking price for this property is $89,000.
    What are key features of this property?
    This property features: $89,000 asking price.; 0.15-acre commercial land parcel.; Two lots included: 16500 and 16510 Plymouth Road.
    (248) 359-0615
    Request Owner's contact information
    16500 Plymouth Rd Detroit, MI 48227
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    Detroit, MI 48227
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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
    16500 Plymouth Rd Detroit, MI 48227
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