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    1219 Holbrook Ave Detroit, MI 48211

    Sponsored
    For Sale
    $225,000

    Two lots, prime B-4 zoning, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional commercial land offering presents a unique investment opportunity in Detroit, Michigan. Encompassing a total of 0.22 acres, this property includes two parcels: 1219 Holbrook Avenue and 1201 Delmar Street, both conveniently located in Wayne County, zip code 48211. Both lots are zoned B-4, opening doors to a wide range of commercial development possibilities. The property boasts readily available utilities, including sewer, water, and gas connections, simplifying the development process. Furthermore, the presence of existing outside storage adds to the property's versatility and potential. The asking price for this combined parcel is $225,000. This is a rare chance to acquire a well-situated, commercially zoned property in a thriving area, ready for immediate development or future investment. The location at 42.386236 latitude and -83.0691151 longitude offers excellent accessibility and visibility. Don't miss this opportunity to secure this valuable asset.

    Property Features for 1219 Holbrook Ave

    General Information

    Property type
    Land
    Lot Size
    9,583 SF

    HighLights

    • 0.22‑acre lot available for sale.
    • Two contiguous lots included: 1219 Holbrook Ave and 1201 Delmar St.
    • Both lots zoned B‑4.
    • City utilities (sewer, water, gas) available on‑site.
    • Exterior storage space included.
    • Asking price: $225,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Dental Office Building Supply Clothing Store Auto Repair Shop Gym & Fitness Pharmacy Wholesale Shop Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0691151
    Latitude
    42.386236

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    FAQs

    What type of property is this?
    Land - Two lots, prime B-4 zoning, ideal for development.
    Where is this land located?
    The property is located at 1219 Holbrook Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: 0.22-acre lot available for sale.; Two contiguous lots included: 1219 Holbrook Ave and 1201 Delmar St.; Both lots zoned B-4.
    (248) 359-0615
    Request Owner's contact information
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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
    1219 Holbrook Ave Detroit, MI 48211
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