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    4228 Mount Elliott St Detroit, MI 48207

    Sponsored
    For Sale
    Contact for pricing

    Prime 0.04-acre lot, multi-family zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 0.04-acre commercial land parcel, located at 4228 Mount Elliott Street in Detroit, Michigan, presents a unique investment opportunity. Situated in Wayne County, zip code 48207, this property boasts a multi-family permitted zoning designation, opening doors to a variety of development possibilities. The lot's size provides ample space for a range of projects, while its strategic location within Detroit offers excellent access to transportation networks and a vibrant urban environment. The asking price is $8,000. The property's APN is 15014046.002L. This is a rare chance to acquire a well-positioned commercial land parcel in a rapidly growing area of Detroit. The property is ready for immediate development, making it an attractive option for both seasoned investors and new developers seeking to capitalize on the city's revitalization. Its convenient location and multi-family zoning potential make it an ideal site for a variety of residential projects, catering to the increasing demand for housing in the area. Serious inquiries are encouraged to explore the full potential of this promising investment. Coordinates: Latitude 42.365836, Longitude -83.024243.

    Property Features for 4228 Mount Elliott St

    General Information

    Property type
    Land
    Lot Size
    1,742 SF

    HighLights

    • 0.04‑acre commercial lot in Detroit, MI, zoned multi‑family.
    • Located at 4228 Mount Elliott Street, Detroit, MI 48207 (APN: 15014046.002L).
    • Asking price: $8,000.
    • Excellent access to transportation and in a vibrant urban area.
    • Ready for immediate development.
    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 Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.024243
    Latitude
    42.365836

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    FAQs

    What type of property is this?
    Land - Prime 0.04-acre lot, multi-family zoning.
    Where is this land located?
    The property is located at 4228 Mount Elliott St Detroit, MI.
    What is the asking price?
    The asking price for this property is $8,000.
    What are key features of this property?
    This property features: 0.04-acre commercial lot in Detroit, MI, zoned multi-family.; Located at 4228 Mount Elliott Street, Detroit, MI 48207 (APN: 15014046.002L).; Asking price: $8,000.
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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
    4228 Mount Elliott St Detroit, MI 48207
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