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    7956 Grand St Dexter, MI 48130

    Sponsored
    For Sale
    $850,000

    Prime Dexter location, 23-unit condo project.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.71-acre parcel (APN: 08-08-06-280-028 & 08-08-06-280-009), located at 7956 - 7960 Grand St in Dexter, Michigan (48130), presents a fully approved site plan for a three-story, 23-unit condominium development. The project boasts a mix of unit sizes to cater to diverse buyer needs: three two-story units with two bedrooms and 2.5 bathrooms; twelve units with two bedrooms and two bathrooms; four units with two bedrooms and one bathroom; and four units with one bedroom and one bathroom. Ample parking is provided with 46 on-site spaces supplemented by street parking. The PUD zoning ensures compliance and facilitates a smooth construction process. This prime location offers unparalleled convenience, situated within walking distance of Dexter's vibrant downtown area, featuring shops, restaurants, parks, schools, and access to the Border to Border Trail. The asking price is $850,000, and owner financing may be considered for qualified buyers. This is a turnkey opportunity for developers seeking a high-demand residential project in a thriving Michigan community. The project is ready for immediate construction.

    Property Features for 7956 Grand St

    General Information

    Property type
    Multifamily properties
    Lot Size
    30,928 SF

    HighLights

    • $850,000 asking price.
    • 0.71‑acre land parcel in Dexter, MI.
    • Approved PUD zoning for a 23‑unit condominium development.
    • Site plan complete and ready for construction.
    • Unit mix includes 3 two‑story, 2‑bed/2.5‑bath; 12 two‑bed/two‑bath; 4 two‑bed/one‑bath; and 4 one‑bed/one‑bath units.
    • 46 on‑site parking spaces plus street parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    High-rise multifamily apartments

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Dexter
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.888761
    Latitude
    42.334864

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    FAQs

    What type of property is this?
    Multifamily property - Prime Dexter location, 23-unit condo project.
    Where is this multifamily property located?
    The property is located at 7956 Grand St Dexter, MI.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: $850,000 asking price.; 0.71-acre land parcel in Dexter, MI.; Approved PUD zoning for a 23-unit condominium development.
    (734) 926-0230
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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
    7956 Grand St Dexter, MI 48130
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