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    4445 Lawton St Detroit, MI 48208

    Sponsored
    For Sale
    $978,000

    4.67-acre vacant lot, ideal for various uses.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This 4.67-acre vacant commercial land parcel, situated at the corner of Buchanan and Lawton Streets in Detroit, Michigan (48208), presents a rare development opportunity. Zoned for a variety of uses, including cannabis cultivation and dispensary, freight/material storage, manufacturing/warehousing/distribution, research and testing, greenhouse operations, and urban farming. Its strategic location offers unparalleled access to major transportation arteries. Within a four-mile radius of the Ambassador Bridge, connecting Detroit to Canada, the property benefits from proximity to the Detroit Intermodal Freight Terminal and the Michigan Central Railway Tunnel. The site enjoys excellent highway access, being centrally located near I-94, I-75, I-96, M-10 (John C. Lodge Freeway), and M-5 (Grand River Avenue). The asking price for this exceptional property is $978,000. This is a unique chance to acquire a significant land holding in a rapidly developing area of Detroit.

    Property Features for 4445 Lawton St

    General Information

    Property type
    Land
    Lot Size
    203,425 SF

    HighLights

    • 4.67‑acre vacant commercial land parcel in Detroit, MI (48208).
    • Prime corner location at Buchanan and Lawton Streets.
    • Zoned for diverse uses including cannabis, warehousing, and manufacturing.
    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
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.092376121636
    Latitude
    42.343466092822

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    FAQs

    What type of property is this?
    Land - 4.67-acre vacant lot, ideal for various uses.
    Where is this land located?
    The property is located at 4445 Lawton St Detroit, MI.
    What is the asking price?
    The asking price for this property is $978,000.
    What are key features of this property?
    This property features: 4.67-acre vacant commercial land parcel in Detroit, MI (48208).; Prime corner location at Buchanan and Lawton Streets.; Zoned for diverse uses including cannabis, warehousing, and manufacturing.
    (248) 988-9341
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    Detroit, MI 48208
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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
    4445 Lawton St Detroit, MI 48208
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