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    267 Harmon St Detroit, MI 48202

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    For Sale
    Contact for pricing

    0.08-acre lot, ideal development

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.08-acre commercial land parcel, identified by APN W01I003409S, presents a unique investment opportunity in Detroit, Michigan's vibrant North End. Located at 267 Harmon Street, 48202, this property boasts a strategic position near the burgeoning New Center area and Hamtramck, offering convenient access to a thriving urban environment. Its proximity to Wayne State University's campus further enhances its potential for various commercial ventures. The lot is zoned for residential use, presenting possibilities for adaptive reuse or development projects aligning with the permitted zoning. The asking price for this attractive property is $12,000. Given its size and location within a rapidly developing neighborhood, this land parcel represents a compelling investment prospect for those seeking to capitalize on Detroit's ongoing revitalization. Serious inquiries are encouraged to explore the full potential of this exceptional urban land offering. The property's precise coordinates are 42.3920947 latitude and -83.0825716 longitude. This is a rare opportunity to acquire a well-situated parcel in a high-growth area of the city.

    Property Features for 267 Harmon St

    General Information

    Property type
    Land
    Lot Size
    3,485 SF

    HighLights

    • 0.08‑acre commercial land parcel in Detroit's North End, APN W01I003409S.
    • Located at 267 Harmon Street, Detroit, MI 48202, near New Center and Hamtramck.
    • Zoned residential, offering adaptive reuse or development potential.
    • Asking price: $12,000.
    • Excellent investment opportunity in a rapidly developing area near Wayne State University.
    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
    -83.0825716
    Latitude
    42.3920947

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    FAQs

    What type of property is this?
    Land - 0.08-acre lot, ideal development
    Where is this land located?
    The property is located at 267 Harmon St Detroit, MI.
    What is the asking price?
    The asking price for this property is $12,000.
    What are key features of this property?
    This property features: 0.08-acre commercial land parcel in Detroit's North End, APN W01I003409S.; Located at 267 Harmon Street, Detroit, MI 48202, near New Center and Hamtramck.; Zoned residential, offering adaptive reuse or development potential.
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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
    267 Harmon St Detroit, MI 48202
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