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    44927 Michigan Ave Canton, MI 48188

    Sponsored
    For Sale
    $499,000

    1.63 Acres, I-275 Access, LI-2 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 1.63-acre industrial land parcel presents a compelling investment opportunity in Canton, Michigan. Located at 44927 Michigan Avenue, this property offers 176 feet of frontage on a major thoroughfare, providing excellent visibility and accessibility. The LI-2 zoning designation permits a variety of industrial uses, making it suitable for a wide range of businesses. Its prime location provides convenient access to I-275, ensuring seamless connectivity to the broader Detroit metropolitan area and beyond. The property's strategic positioning within a high-demand industrial sector promises significant potential for growth and return on investment. The asking price is $499,000, translating to approximately $306,135 per acre. The parcel's APN is 71135010009300. Currently, no utilities are connected to the site. Seller financing is available, offering a flexible acquisition option for qualified buyers. This vacant lot represents a rare opportunity to establish a strong industrial presence in a thriving market. The property is situated in Wayne County, Michigan, with a zip code of 48188. The coordinates are 42.272996 latitude and -83.480071 longitude.

    Property Features for 44927 Michigan Ave

    General Information

    Property type
    Land
    Lot Size
    71,003 SF

    HighLights

    • $499,000 asking price for 1.63 acres of industrial land.
    • LI‑2 zoning allows for multiple industrial uses.
    • 176 feet of frontage on Michigan Ave in Canton, MI.
    • Excellent access to I‑275.
    • Seller financing available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Canton
    County
    Wayne
    State
    Michigan
    Longitude
    -83.480071
    Latitude
    42.272996

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    FAQs

    What type of property is this?
    Land - 1.63 Acres, I-275 Access, LI-2 Zoning
    Where is this land located?
    The property is located at 44927 Michigan Ave Canton, MI.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: $499,000 asking price for 1.63 acres of industrial land.; LI-2 zoning allows for multiple industrial uses.; 176 feet of frontage on Michigan Ave in Canton, MI.
    Request Owner's contact information
    44927 Michigan Ave Canton, MI 48188
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    Canton, MI 48188
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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
    44927 Michigan Ave Canton, MI 48188
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