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    2830 Seven Mile Rd Detroit, MI 48234

    For Sale
    $275,000

    0.19-acre lot, high-visibility location. Excellent investment opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 0.19-acre commercial land parcel presents a unique investment opportunity in Detroit, Michigan. Located at 2830 E Seven Mile Rd, the property benefits from a highly visible street frontage on a busy thoroughfare, ensuring significant exposure for any future development. The lot's size offers considerable flexibility for a range of commercial ventures. The address is within the 48234 zip code, in Wayne County. While the listing does not specify existing structures, the property's size and location make it suitable for new construction or redevelopment. The high traffic volume on E Seven Mile Rd provides excellent accessibility and visibility, making it an attractive site for businesses seeking a strong presence in a well-established commercial area. This property is priced at $275,000 and represents a compelling opportunity for investors seeking a strategic foothold in a dynamic Detroit market. The precise dimensions and zoning regulations should be independently verified. This is a vacant land parcel.

    Property Features for 2830 Seven Mile Rd

    General Information

    Property type
    Land
    Lot Size
    8,276 SF

    HighLights

    • 0.19‑acre commercial land parcel in Detroit, MI.
    • High‑visibility street frontage on busy E Seven Mile Rd.
    • Suitable for new construction or redevelopment.
    • Located in the 48234 zip code, Wayne County.
    • Priced at $275,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    26163
    State
    Michigan
    Longitude
    -83.0747338
    Latitude
    42.4326936

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    FAQs

    What type of property is this?
    Land - 0.19-acre lot, high-visibility location. Excellent investment opportunity.
    Where is this land located?
    The property is located at 2830 Seven Mile Rd Detroit, MI.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: 0.19-acre commercial land parcel in Detroit, MI.; High-visibility street frontage on busy E Seven Mile Rd.; Suitable for new construction or redevelopment.
    Request Owner's contact information
    2830 Seven Mile Rd Detroit, MI 48234
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    Detroit, MI 48234
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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
    2830 Seven Mile Rd Detroit, MI 48234
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