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    6142 Concord Ave Detroit, MI 48211

    Sponsored
    For Sale
    Contact for pricing

    0.07-acre lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 0.07-acre commercial land parcel is situated at 6142 Concord Ave, Detroit, MI 48211, in Wayne County. The property, identified by APN W15I010955S, is zoned for residential use. This presents a unique opportunity for developers or investors seeking a foothold in Detroit's burgeoning lower east side. The asking price is $16,000. The lot's size offers considerable potential for various projects, given its location in a rapidly developing area. This property is part of a package deal with other available parcels, providing an attractive option for larger-scale development or investment strategies. The strategic location offers significant upside potential, making it an ideal investment for those seeking high-growth opportunities in a revitalizing urban neighborhood. The property's coordinates are 42.3817602 latitude and -83.0282591 longitude. Serious inquiries are encouraged to explore this promising investment opportunity further.

    Property Features for 6142 Concord Ave

    General Information

    Property type
    Land
    Lot Size
    3,049 SF

    HighLights

    • 0.07‑acre commercial land parcel located at 6142 Concord Ave, Detroit, MI 48211 (APN W15I010955S).
    • Zoned residential, offering development potential in Detroit's lower east side.
    • $16,000 asking price.
    • Part of a larger package deal, ideal for larger‑scale projects.
    • Coordinates: 42.3817602 latitude, -83.0282591 longitude.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0282591
    Latitude
    42.3817602

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    FAQs

    What type of property is this?
    Land - 0.07-acre lot, prime location.
    Where is this land located?
    The property is located at 6142 Concord Ave Detroit, MI.
    What is the asking price?
    The asking price for this property is $16,000.
    What are key features of this property?
    This property features: 0.07-acre commercial land parcel located at 6142 Concord Ave, Detroit, MI 48211 (APN W15I010955S).; Zoned residential, offering development potential in Detroit's lower east side.; $16,000 asking price.
    Request Owner's contact information
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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
    6142 Concord Ave Detroit, MI 48211
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