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    19621 Wood St Melvindale, MI 48122

    Sponsored
    For Sale
    $300,000

    6,000 SF Move-In Ready Convent

    Property size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 6,000 square foot special purpose property, located at 19621 Wood St, Melvindale, MI 48122, presents a unique investment opportunity. Built in 1965, this former Mary Magdalen Convent sits on a 0.3-acre lot within the Mary Magdalen Parish Campus, offering convenient freeway access. The property boasts a full basement and is fully air-conditioned, adding to its functionality and appeal. A fully equipped kitchen is already in place, eliminating the need for significant renovations. The asking price is $300,000, and the property is move-in ready, making it an attractive option for a variety of potential uses. The property's APN is 47 011 02 0121 300. Its prime location in Wayne County, Michigan, combined with its existing features, makes this a compelling opportunity for buyers seeking a versatile and well-maintained property with significant potential. The building's substantial size and convenient amenities present a blank canvas for creative repurposing, catering to a diverse range of commercial or community-focused ventures. This is a rare chance to acquire a piece of local history with significant upside potential.

    Property Features for 19621 Wood St

    General Information

    Property type
    Specialty properties
    Square Feet
    6,000 SF
    Lot Size
    13,068 SF

    Building Details

    Year Built
    1965

    HighLights

    • Fully air‑conditioned.
    • Fully equipped kitchen.
    • Located on the Mary Magdalen Parish Campus.
    • Full basement.
    • Easy freeway access.
    • Move‑in ready.
    Property Profile Location Intelligence

    Current Use by Public Records

    MI Cookie Project Bakery

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Melvindale
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1963149
    Latitude
    42.2751305

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    FAQs

    What type of property is this?
    Specialty property - 6,000 SF Move-In Ready Convent
    Where is this specialty property located?
    The property is located at 19621 Wood St Melvindale, 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: Fully air-conditioned.; Fully equipped kitchen.; Located on the Mary Magdalen Parish Campus.
    (248) 894-4300
    Request Owner's contact information
    19621 Wood St Melvindale, MI 48122
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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
    19621 Wood St Melvindale, MI 48122
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