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    3338 Bagley St Detroit, MI 48216

    Sponsored
    For Sale
    $450,000

    Mexicantown prime location, high-traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 0.14-acre commercial land parcel, located at 3338 and 3342 Bagley Street in Detroit, Michigan, presents a unique investment opportunity. Situated in the vibrant Mexicantown/Southwest Detroit neighborhood, this property boasts a prime location within the B-4 General Business District zoning. The site consists of two parcels (APN 12000255-60 and 12000261), totaling 0.14 acres and featuring a paved parking lot. Parcel 12000255-60 (3342 Bagley St) encompasses 0.076 acres (3,311 square feet), measuring approximately 110 feet deep by 30 feet wide. Parcel 12000261 (3338 Bagley St) covers 0.058 acres (2,510 square feet), with dimensions of approximately 251 feet deep by 10 feet wide. The property benefits from its high walkability and bikeability scores (80-81 out of 100), excellent transit access, and proximity to major freeways (I-75 and I-96). This location is surrounded by a thriving commercial corridor, including numerous restaurants, cafes, and other businesses, and is just blocks from Corktown. Nearby amenities include parks such as Stanton Park, Macomb Park, and Clark Park. The area also features established businesses like Los Galanes Mexican, La Gloria Bakery, Xochimilco, and La Michoacana Tortilla Factory. The asking price for this exceptional property is $450,000. This presents a rare chance to acquire a strategically located commercial land parcel in a rapidly developing area with high residential property values ranging from $90,000 to $160,000.

    Property Features for 3338 Bagley St

    General Information

    Property type
    Land
    Lot Size
    6,098 SF

    HighLights

    • 0.14‑acre commercial land parcel in Detroit's vibrant Mexicantown/Southwest Detroit neighborhood.
    • Located in the B‑4 General Business District, with excellent walkability and bikeability scores (80‑81).
    • Two parcels totaling 0.14 acres, including a paved parking lot.
    • Prime location near major freeways (I‑75 and I‑96), and blocks from Corktown.
    • Asking price: $450,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -83.084121678524
    Latitude
    42.323780731575

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    FAQs

    What type of property is this?
    Land - Mexicantown prime location, high-traffic area.
    Where is this land located?
    The property is located at 3338 Bagley St Detroit, MI.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: 0.14-acre commercial land parcel in Detroit's vibrant Mexicantown/Southwest Detroit neighborhood.; Located in the B-4 General Business District, with excellent walkability and bikeability scores (80-81).; Two parcels totaling 0.14 acres, including a paved parking lot.
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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
    3338 Bagley St Detroit, MI 48216
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