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    14256 Wyoming Ave Detroit, MI 48238

    For Sale
    $375,097

    4,420 SF Industrial Space in Detroit, MI

    Property size:
    4,420 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This single-story, 4,420 square foot Class C industrial building is available for $375,097 ($85/sq ft). Located at 14256 Wyoming Ave in Detroit, Michigan (Wayne County, zip code 48238), this property boasts a commercially zoned lot. Built in 1945, the building offers significant potential for various commercial or industrial uses. The property features 67 feet of road frontage on a 14,000 square foot lot. Its convenient location is easily accessible, situated between Eight Mile Road and Wyoming Avenue. The property's zoning is designated as Commercial, providing flexibility for a range of business operations. While the original listing mentioned a larger square footage, the accurate size of the building is 4,420 square feet. This presents a compelling opportunity for investors or businesses seeking a well-located industrial space in Detroit. The property's age offers potential for renovation and customization to meet specific business needs. Serious inquiries are encouraged to explore this promising investment.

    Property Features for 14256 Wyoming Ave

    General Information

    Property type
    Industrial properties
    Square Feet
    4,420 SF
    Class
    C

    Building Details

    Year Built
    1945
    Stories
    1

    HighLights

    • Excellent Eight Mile Road visibility, Southbound access.
    • Zero‑acre lot.
    • 14‑square‑foot lot.
    • 67 feet of road frontage.
    • Commercially zoned.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -83.1589119
    Latitude
    42.392572

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    FAQs

    What type of property is this?
    Industrial property - 4,420 SF Industrial Space in Detroit, MI
    Where is this industrial property located?
    The property is located at 14256 Wyoming Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $375,097.
    What are key features of this property?
    This property features: Excellent Eight Mile Road visibility, Southbound access.; Zero-acre lot.; 14-square-foot lot.
    Request Owner's contact information
    14256 Wyoming Ave Detroit, MI 48238
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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
    14256 Wyoming Ave Detroit, MI 48238
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