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    Swc Merriman & Parkwood Westland, MI 48186

    For Sale
    $75,000

    High-traffic corner lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This 0.35-acre commercial land parcel is located at the southwest corner of Merriman Road and Parkwood Street in Westland, Michigan, Wayne County (APN: 068-03-0113-001). Zoned CB-1 Low Intensity Commercial Business, this property offers exceptional visibility and accessibility. Merriman Road boasts a high daily traffic count of 30,140 vehicles, providing significant exposure for any business. The corner location ensures easy ingress and egress, a key advantage for customers and deliveries. Situated just north of Palmer Road, this lot presents a prime opportunity for developers seeking a high-traffic location in a growing area. The asking price is $75,000. This property is ready for your vision, offering a strategic location for a variety of commercial ventures. The property's size and zoning make it suitable for a range of development possibilities. Don't miss this chance to acquire a valuable commercial land parcel in a desirable Westland location.

    Property Features for 0 Swc Merriman & Parkwood

    General Information

    Property type
    Land
    Lot Size
    15,246 SF

    HighLights

    • 0.35‑acre commercial lot in Westland, MI (APN: 068‑03‑0113‑001), located at the southwest corner of Merriman Road and Parkwood Street.
    • High visibility and accessibility with 30,140 VPD on Merriman Road.
    • CB‑1 Low Intensity Commercial zoning.
    • $75,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Westland
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3493452
    Latitude
    42.3000258

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    FAQs

    What type of property is this?
    Land - High-traffic corner lot, ideal for development.
    Where is this land located?
    The property is located at Swc Merriman & Parkwood Westland, MI.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: 0.35-acre commercial lot in Westland, MI (APN: 068-03-0113-001), located at the southwest corner of Merriman Road and Parkwood Street.; High visibility and accessibility with 30,140 VPD on Merriman Road.; CB-1 Low Intensity Commercial zoning.
    (248) 359-9000
    Request Owner's contact information
    Swc Merriman & Parkwood Westland, MI 48186
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    Westland, MI 48186
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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
    Swc Merriman & Parkwood Westland, MI 48186
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