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    20800 Meridian Rd Grosse Ile Township, MI 48138

    For Sale
    $225,000

    Prime residential land, Grosse Ile, Michigan.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 3.22-acre parcel, located at 20800 Meridian Road in Grosse Ile Township, Wayne County, Michigan, presents a unique opportunity for residential development. The property, zoned for residential use, boasts generous dimensions of approximately 326.29 feet by 430 feet, totaling 140,305 square feet. Its expansive size offers ample space for a variety of residential projects, catering to diverse building plans and landscaping designs. Situated in the desirable Grosse Ile Township (zip code 48138), this vacant land provides a tranquil setting while remaining conveniently accessible. The property's location offers a blend of suburban serenity and proximity to urban amenities. With its substantial acreage and prime location, this land is ideal for those seeking to build their dream home or undertake a larger-scale residential development project. The asking price is $225,000. All interested parties are encouraged to conduct their own due diligence regarding zoning regulations and building permits. This is a rare opportunity to acquire a significant piece of residential land in a highly sought-after Grosse Ile location.

    Property Features for 20800 Meridian Rd

    General Information

    Property type
    Land
    Lot Size
    140,263 SF

    HighLights

    • Large lot size: 326.29' x 430', totaling 3.22 acres.
    • Building size: 140,305 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Clothing Store Building Supply Gym & Fitness Auto Repair Shop Wholesale Shop Daycare Center Kitchen & Bath Department Store HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Grosse Ile Township
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1575092
    Latitude
    42.1572965

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    FAQs

    What type of property is this?
    Land - Prime residential land, Grosse Ile, Michigan.
    Where is this land located?
    The property is located at 20800 Meridian Rd Grosse Ile Township, MI.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: Large lot size: 326.29' x 430', totaling 3.22 acres.; Building size: 140,305 square feet.;
    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
    20800 Meridian Rd Grosse Ile Township, MI 48138
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