Property summary
This exceptional 6.97-acre commercial land parcel presents a unique investment opportunity in Southgate, Michigan. Located on Superior Street, this property boasts a desirable R-1 (Residential) zoning classification, offering considerable development potential. The expansive lot, measuring approximately 753 feet by 402 feet, is ideally situated amidst high-end homes, suggesting a strong potential for high-value residential projects. The asking price is $350,000, translating to a competitive $50,000 per acre. The property's location in Wayne County, Michigan, with a zip code of 48195, provides easy access to major transportation routes and amenities. The parcel's size and zoning make it suitable for a variety of development options, appealing to both seasoned developers and investors seeking a promising land acquisition in a thriving community. The property's APN is 53-015-99-0065-704. This is a rare opportunity to acquire a substantial land holding in a sought-after area. Serious inquiries are encouraged.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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