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    1751 Warren Ave Detroit, MI 48208

    Sponsored
    For Sale
    $119,900

    Two prime vacant lots, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional offering encompasses two adjacent vacant land parcels totaling 67 feet of frontage on West Warren Avenue in Detroit's desirable Woodbridge neighborhood. Strategically positioned between Avery and Rosa Parks, these lots boast an R3 zoning classification, permitting the construction of single-family homes, multi-family dwellings, townhouses, or community facilities. Owners of owner-occupied homes may benefit from the NEZ-Homestead neighborhood property tax abatement. The property's prime location offers unparalleled access to a vibrant array of amenities, including acclaimed restaurants and bars, Wayne State University, and the city's bustling downtown core. Its proximity to Midtown, Corktown, and Core City further enhances its desirability. Convenient access to major highways adds to its appeal. Both 1751 and 1757 West Warren Avenue are included in this sale. To facilitate a smooth transaction, the seller will provide a Phase I Environmental assessment and a survey, ensuring comprehensive due diligence for potential buyers. This presents a compelling investment opportunity within Detroit's dynamic real estate market. The asking price for this combined property is $119,900. The address is 1751 W Warren Ave, Detroit, MI 48208.

    Property Features for 1751 Warren Ave

    General Information

    Property type
    Land

    HighLights

    • $119,900 asking price for two vacant land parcels totaling 67 feet of frontage on W Warren Ave in Detroit, MI.
    • R3 zoning allows for single‑family, multi‑family, townhouses, or community facilities.
    • Located in the Woodbridge neighborhood, near Wayne State University and downtown Detroit.
    • Includes Phase I Environmental and Survey reports.
    • Eligible for NEZ‑Homestead property tax abatement.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cheap Commericial Auto ... Auto Insurance Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.081994
    Latitude
    42.350706

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    FAQs

    What type of property is this?
    Land - Two prime vacant lots, ideal for development.
    Where is this land located?
    The property is located at 1751 Warren Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $119,900.
    What are key features of this property?
    This property features: $119,900 asking price for two vacant land parcels totaling 67 feet of frontage on W Warren Ave in Detroit, MI.; R3 zoning allows for single-family, multi-family, townhouses, or community facilities.; Located in the Woodbridge neighborhood, near Wayne State University and downtown Detroit.
    (313) 658-6400
    Request Owner's contact information
    1751 Warren Ave Detroit, MI 48208
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    Detroit, MI 48208
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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
    1751 Warren Ave Detroit, MI 48208
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