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    24995 Allen Rd Woodhaven, MI 48183

    Sponsored
    For Sale
    $300,000

    Prime vacant land, high traffic corner.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial land parcel presents a unique investment opportunity in the thriving Woodhaven, Michigan market. Located at the highly visible northeast corner of Allen Road and Van Horn Road, this property boasts an expansive 37,105 square feet (181 feet x 205 feet) of vacant land, ready for immediate development. The property's strategic location ensures high traffic visibility and accessibility, making it ideal for a variety of commercial ventures. The zoning designation is B-3 General Business, offering flexibility for diverse business types. Importantly, a deed restriction is in place, specifying permitted use as a gasoline and convenience store. This restriction provides clarity and potential advantages for developers seeking to establish such a business. The asking price of $300,000 represents a compelling value for this prime commercial land in a rapidly growing area. The property's size, location, and zoning make it an attractive prospect for investors and developers seeking a high-return investment in a desirable location. The address is 24995 Allen Rd, Woodhaven, MI 48183, within Wayne County. This is a rare opportunity to acquire a strategically located commercial lot with clear development potential. Don't miss out on this chance to secure a piece of prime real estate in a bustling commercial area.

    Property Features for 24995 Allen Rd

    General Information

    Property type
    Land

    HighLights

    • 37,105 SF vacant commercial lot in Woodhaven, MI.
    • High‑visibility corner location at Allen Rd & Van Horn Rd.
    • B‑3 General Business zoning with deed restriction for gas station/convenience store.
    • Asking price: $300,000.
    • Address: 24995 Allen Rd, Woodhaven, MI 48183 (Wayne County).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Woodhaven
    County
    Wayne
    State
    Michigan
    Longitude
    -83.225095
    Latitude
    42.126497

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    FAQs

    What type of property is this?
    Land - Prime vacant land, high traffic corner.
    Where is this land located?
    The property is located at 24995 Allen Rd Woodhaven, MI.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: 37,105 SF vacant commercial lot in Woodhaven, MI.; High-visibility corner location at Allen Rd & Van Horn Rd.; B-3 General Business zoning with deed restriction for gas station/convenience store.
    (248) 704-6000
    Request Owner's contact information
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    Woodhaven, MI 48183
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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
    24995 Allen Rd Woodhaven, MI 48183
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