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    141 Elizabeth St Detroit, MI 48201

    • Land
    • 0.78 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 141 Elizabeth St

    Lot size
    0.78 lot acres
    Property type
    Land

    Description

    This exceptional 0.78-acre land parcel in Detroit, Michigan, presents a unique investment opportunity. Located at 141 W Elizabeth St, Wayne County, zip code 48201 (42.3367169, -83.0535454), the property is zoned for commercial and residential use. The site is currently part of a larger development project but is available for sale separately. This fee-simple ownership offers the potential to construct a multi-unit residential building

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0535
    Latitude
    42.3367

    Comparable in this City

    • Value Estimation by Request
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      80-92 Willis St

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      0.09 Acres

      3939 3 Ave

      Land • 0.09 Acres
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      0.11 Acres

      2712 Cass Ave

      Mixed-use properties • 0.11 Acres
      2712 Cass Ave, Detroit, MI 48201
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    • Value Estimation by Request

      615 Hancock St, Unit 11

      GARDEN APT, COURT APT (5+ UNITS)
      615 Hancock St, Detroit, MI 48201-3705
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    • Value Estimation by Request

      469 Willis St, Unit 3

      GARDEN APT, COURT APT (5+ UNITS)
      469 Willis St, Detroit, MI 48201-1765
      View Details
    • Value Estimation by Request
      1,220 SF

      4206 Miracles Blvd, Unit 16

      GARDEN APT, COURT APT (5+ UNITS) • 1,220 SF
      4206 Miracles Blvd, Detroit, MI 48201-1520
      View Details

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    141 Elizabeth St
    Detroit, MI 48201
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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
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