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    4939 Allen Rd Allen Park, MI 48101

    Sponsored
    For Sale
    $750,000

    5,229 SF Land, $750,000

    Property size:
    5,229 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5,229 square foot commercial land parcel, located at 4939 Allen Road in Allen Park, Michigan, presents a unique investment opportunity. Situated in Wayne County, with convenient access via Allen Road and a zip code of 48101, this property boasts a prime location. The land is classified as Special Purpose and is currently being offered at an asking price of $750,000. The property features a recently updated exterior, showcasing a modern and vibrant stucco finish complemented by attractive stonework. Significant recent improvements include a new roof and a new air conditioning system, minimizing immediate capital expenditure needs for the new owner. This turnkey property is ready for immediate development, offering a blank canvas for a wide range of commercial ventures. The property's size and location make it ideal for various uses, providing significant potential for future growth and return on investment. The coordinates for this property are latitude 42.2661682 and longitude -83.1997079. This is a rare opportunity to acquire a well-maintained and strategically located commercial property in a thriving area. Don't miss out on this chance to establish your business in a prime Allen Park location.

    Property Features for 4939 Allen Rd

    General Information

    Property type
    Land
    Square Feet
    5,229 SF

    HighLights

    • 5,229 SF commercial land parcel in Allen Park, MI.
    • Located at 4939 Allen Road, Allen Park, MI 48101.
    • Asking price: $750,000.
    • Special Purpose land classification.
    • Recently updated exterior with stucco and stonework, new roof, and new AC.
    • Turnkey property ready for immediate development.
    Property Profile Location Intelligence

    Current Use by Public Records

    El Jalapeño Mexican ... Mexican Restaurant

    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
    Allen Park
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1997079
    Latitude
    42.2661682

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    FAQs

    What type of property is this?
    Land - 5,229 SF Land, $750,000
    Where is this land located?
    The property is located at 4939 Allen Rd Allen Park, MI.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: 5,229 SF commercial land parcel in Allen Park, MI.; Located at 4939 Allen Road, Allen Park, MI 48101.; Asking price: $750,000.
    Request Owner's contact information
    4939 Allen Rd Allen Park, MI 48101
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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
    4939 Allen Rd Allen Park, MI 48101
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