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    OFF-MARKET
    Land

    1093 Grand Blvd, Detroit, MI 48207

    0.29 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 0.29-acre commercial lot, located at 1093 E. Grand Boulevard in Detroit, Michigan (Wayne County, zip code 48207), presents a unique investment opportunity. The property, identified by APN 15-007954-5, is priced at $199,000, translating to a land value of $686,206 per acre. The lot boasts convenient dimensions of approximately 104 feet by 123 feet. This strategically located parcel offers significant potential for various commercial ventures. Existing infrastructure includes readily available sewer, storm drain, water, and gas services, simplifying development and reducing upfront costs. The property's prime location in Detroit provides easy access to major transportation routes and a thriving urban environment. This is a rare opportunity to acquire a well-situated, fully serviced commercial lot in a dynamic and growing city. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. Further details are available upon request.

    Property profile
    Verified
    Property type Land
    Lot 0.29 ac (12,632 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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