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    1 Redman Rd Milan, MI 48160

    Sponsored
    For Sale
    $350,000

    Prime Milan location, city utilities, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4.9-acre parcel presents a remarkable investment opportunity in the thriving city of Milan, Michigan. Zoned GI, this property boasts 306 feet of frontage and includes three separate parcel IDs: 53-040-148-00

    Property Features for 1 Redman Rd

    General Information

    Property type
    Land
    Lot Size
    213,444 SF

    HighLights

    • 4.9‑acre vacant land parcel in Milan, MI.
    • GI zoning allows for diverse development opportunities.
    • Property features 306 feet of frontage on a paved Class A road with city utilities available.
    • High‑traffic location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Milan
    County
    Monroe
    State
    Michigan
    Longitude
    -83.687118516345
    Latitude
    42.077026496104

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    FAQs

    What type of property is this?
    Land - Prime Milan location, city utilities, high traffic.
    Where is this land located?
    The property is located at 1 Redman Rd Milan, MI.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 4.9-acre vacant land parcel in Milan, MI.; GI zoning allows for diverse development opportunities.; Property features 306 feet of frontage on a paved Class A road with city utilities available.
    Request Owner's contact information
    1 Redman Rd Milan, MI 48160
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    Milan, MI 48160
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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
    1 Redman Rd Milan, MI 48160
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