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    8930-8932 Greenfield Rd Detroit, MI 48228

    Sponsored
    For Sale
    $150,000

    Prime Detroit location, high traffic, multiple zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional commercial land parcel, located at 8930-8932 Greenfield Road in Detroit, Michigan, presents a unique investment opportunity. Priced at $150,000, this property boasts a highly desirable location with significant traffic volume, making it ideal for a diverse range of businesses. The property's flexible zoning allows for multiple uses, catering to both startups and established enterprises. Its strategic position offers easy access to major freeways, ensuring convenient transportation for employees and customers. Furthermore, its proximity to Detroit Metropolitan Airport, the downtown area, the Detroit Riverfront, and various sports and entertainment venues enhances its appeal and potential for attracting a wide customer base. The site's adaptability allows for customized configurations to meet the specific needs of any business, providing ample space for creative development and successful business ventures. The property is situated in Wayne County, Michigan, with a zip code of 48228, and its coordinates are 42.3600704 latitude and -83.1966317 longitude. This is a rare chance to acquire a versatile commercial property in a thriving area of Detroit. Serious inquiries are encouraged.

    Property Features for 8930-8932 Greenfield Rd

    General Information

    Property type
    Land

    HighLights

    • $150,000 asking price.
    • Special purpose land property in Detroit, MI.
    • Located at 8930‑8932 Greenfield Rd, Detroit, MI 48228.
    • Multiple zoning allows for diverse business uses.
    • High traffic area near major freeways, airport, and downtown Detroit.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1966317
    Latitude
    42.3600704

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    FAQs

    What type of property is this?
    Land - Prime Detroit location, high traffic, multiple zoning
    Where is this land located?
    The property is located at 8930-8932 Greenfield Rd Detroit, MI.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: $150,000 asking price.; Special purpose land property in Detroit, MI.; Located at 8930-8932 Greenfield Rd, Detroit, MI 48228.
    Request Owner's contact information
    8930-8932 Greenfield Rd Detroit, MI 48228
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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
    8930-8932 Greenfield Rd Detroit, MI 48228
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