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    1075 Coplin St Detroit, MI 48215

    For Sale
    $300,000

    0.45-acre lot, Jefferson Chalmers

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This 0.45-acre commercial lot, located at 1075 Coplin St, Detroit, MI 48215 (APN: W21I051808C11), presents a unique redevelopment opportunity in the burgeoning Jefferson Chalmers neighborhood. Previously home to a 30+ unit apartment building, the site is zoned for commercial use and offers significant potential for various residential or commercial projects. The property features a newer sidewalk and is largely a grassy field with minimal landscaping. Its location within the Jefferson corridor places it in an area experiencing substantial economic growth and redevelopment, making it an attractive investment. The asking price is $300,000. This vacant land represents a prime opportunity to capitalize on Detroit's ongoing revitalization. The property's size and zoning provide flexibility for a range of development options, catering to diverse investment strategies. Its location within a revitalizing neighborhood offers strong potential for future appreciation. Serious inquiries are encouraged to explore this exceptional opportunity.

    Property Features for 1075 Coplin St

    General Information

    Property type
    Land
    Lot Size
    19,602 SF

    HighLights

    • 0.45‑acre commercial lot in Detroit's Jefferson Chalmers neighborhood, APN: W21I051808C11.
    • Previously housed a 30+ unit apartment building, offering redevelopment potential for residential or commercial projects.
    • Zoned for commercial use.
    • Features a newer sidewalk and is primarily a grassy field.
    • Asking price: $300,000.
    Property Profile Insight Report 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 Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -82.9503658
    Latitude
    42.3719674

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    FAQs

    What type of property is this?
    Land - 0.45-acre lot, Jefferson Chalmers
    Where is this land located?
    The property is located at 1075 Coplin St Detroit, 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: 0.45-acre commercial lot in Detroit's Jefferson Chalmers neighborhood, APN: W21I051808C11.; Previously housed a 30+ unit apartment building, offering redevelopment potential for residential or commercial projects.; Zoned for commercial use.
    Request Owner's contact information
    1075 Coplin St Detroit, MI 48215
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    Detroit, MI 48215
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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
    1075 Coplin St Detroit, MI 48215
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