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    23940 Gibraltar Rd Flat Rock, MI 48134

    Sponsored
    For Sale
    $125,000

    High-traffic retail land, I-75 proximity.

    Property size:
    3,222 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.77-acre commercial property, located at 23940 Gibraltar Road in Flat Rock, Michigan, presents a unique investment opportunity. The property boasts a 3,222 square foot retail building constructed in 1954 and renovated in 1961, currently operating at 100% occupancy. The single-story building sits on a sizable lot, offering significant potential for expansion or redevelopment. Priced at $125,000, this translates to a price per square foot of $3.73 and a compelling land value of $162,338 per acre. The property's strategic location near I-75 in Wayne County, Michigan, ensures high visibility and accessibility, benefiting from strong demographics and impressive traffic counts. The O1 zoning designation provides flexibility for various commercial uses. The APN is 58-098-99-0019-002. This property is ideal for investors seeking a strong return on investment in a prime location with significant upside potential. The zip code is 48134.

    Property Features for 23940 Gibraltar Rd

    General Information

    Property type
    Land
    Square Feet
    3,222 SF
    Lot Size
    33,541 SF

    Building Details

    Year Built/Renovated
    1954/1961
    Buildings
    1
    Stories
    1

    HighLights

    • 0.77‑acre parcel available for sale.
    • O‑1 zoning.
    • I‑75 accessible Flat Rock location.
    • Strong demographics and high traffic counts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Pharmacy Wholesale Shop Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Flat Rock
    County
    Wayne
    State
    Michigan
    Longitude
    -83.265197
    Latitude
    42.0950837

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    FAQs

    What type of property is this?
    Land - High-traffic retail land, I-75 proximity.
    Where is this land located?
    The property is located at 23940 Gibraltar Rd Flat Rock, MI.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: 0.77-acre parcel available for sale.; O-1 zoning.; I-75 accessible Flat Rock location.
    Request Owner's contact information
    23940 Gibraltar Rd Flat Rock, MI 48134
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    Flat Rock, MI 48134
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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
    23940 Gibraltar Rd Flat Rock, MI 48134
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