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    7480 Davison St Detroit, MI 48238

    Sponsored
    For Sale
    $225,000

    0.41-acre lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 0.41-acre parcel of land, located at 7480 W. Davison St in Detroit, Michigan, presents a unique opportunity for residential development. Situated in a dense residential neighborhood within Wayne County, zip code 48238, this property boasts convenient access to essential utilities. Sewer, water, and gas services are readily available on-site, simplifying the development process. The property is zoned B-4, offering flexibility for various residential projects. The large lot size provides ample space for construction, and the presence of outside storage adds further practicality. The asking price for this prime piece of land is $225,000. Its location in a well-established residential area makes it an attractive investment for builders and developers seeking to capitalize on the strong demand for housing in the Detroit metropolitan area. The coordinates are 42.3866534 latitude and -83.1450553 longitude. This is a rare opportunity to acquire a sizable residential lot in a desirable location.

    Property Features for 7480 Davison St

    General Information

    Property type
    Land
    Lot Size
    17,860 SF

    HighLights

    • 0.41‑acre parcel available for sale.
    • B‑4 zoning.
    • On‑site sewer, water, and gas utilities.
    • Ample outside storage space.
    • Large lot in a high‑density residential area.
    • Asking price: $225,000
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1450553
    Latitude
    42.3866534

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    FAQs

    What type of property is this?
    Land - 0.41-acre lot, ideal for development.
    Where is this land located?
    The property is located at 7480 Davison St 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: 0.41-acre parcel available for sale.; B-4 zoning.; On-site sewer, water, and gas utilities.
    (248) 359-0615
    Request Owner's contact information
    7480 Davison St Detroit, MI 48238
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    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
    7480 Davison St Detroit, MI 48238
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