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    New York St Dearborn Heights, MI 48125

    Sponsored
    For Sale
    Contact for pricing

    0.17-acre commercial lot, residential zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 0.17-acre commercial land parcel presents a unique investment opportunity in Dearborn Heights, Michigan. Located on New York Street, this property boasts convenient access to local amenities and infrastructure. The lot, identified by APN 33-038-01-0208-002, measures 60 feet by 128 feet and is currently zoned for residential use. This presents potential for various development projects, subject to local planning and zoning approvals. The asking price is $9,000. Utilities are available on-site, simplifying the development process. This offering includes two contiguous lots sold together, providing a larger, more versatile development footprint. The property's location in Wayne County, Michigan, within the 48125 zip code, offers easy access to major transportation routes and a thriving community. Serious inquiries are encouraged to explore the possibilities of this promising land parcel. Further details regarding zoning regulations and development potential are readily available upon request. Don't miss this chance to acquire a valuable piece of land in a desirable location.

    Property Features for 0 New York St

    General Information

    Property type
    Land
    Lot Size
    7,405 SF

    HighLights

    • 0.17‑acre parcel for sale, comprised of two contiguous lots totaling 60' x 128'.
    • Two residential lots offered as a single package.
    • Residential zoning.
    • Utilities readily available on‑site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Dearborn Heights
    County
    Wayne
    State
    Michigan
    Longitude
    -83.289699421042
    Latitude
    42.287670075998

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    FAQs

    What type of property is this?
    Land - 0.17-acre commercial lot, residential zoning.
    Where is this land located?
    The property is located at New York St Dearborn Heights, MI.
    What is the asking price?
    The asking price for this property is $9,000.
    What are key features of this property?
    This property features: 0.17-acre parcel for sale, comprised of two contiguous lots totaling 60' x 128'.; Two residential lots offered as a single package.; Residential zoning.
    (248) 226-1814
    Request Owner's contact information
    New York St Dearborn Heights, MI 48125
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    Dearborn Heights, MI 48125
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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
    New York St Dearborn Heights, MI 48125
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