1093 Grand Blvd, Detroit, MI 48207
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.