6940 Gratiot Ave Detroit, MI 48208
- Commercial land
- 120 SF
- 0.12 lot acres
Current Use by Public Records
- Commercial land
Property Details for 6940 Gratiot Ave
- Year built
- 1981
- Lot size
- 0.12 lot acres
- Property size
- 120 SF
- Zone code
- B4
- Property type
- Commercial land
- APN
- 15000330.
- APU
- 15000330
Description
This exceptional 0.12-acre commercial and industrial land parcel, located at 6940 Gratiot Avenue in Detroit, Michigan, presents a unique investment opportunity. Priced at $79,000, this property boasts a prime location with main road frontage, offering excellent visibility and accessibility. The lot is zoned B-4, providing flexibility for a variety of commercial and industrial uses. All essential utilities are readily available, including sewer, storm drain, water, and gas connections, eliminating the need for costly infrastructure upgrades. The property's location in Wayne County, with a zip code of 48208, places it within a thriving area of Detroit. The Assessor's Parcel Number (APN) is 15-000330. This land offers significant potential for developers and investors seeking a strategically located site in a bustling urban environment. The price per acre reflects a strong value proposition at $658,333. Don't miss this chance to acquire a well-situated parcel ready for immediate development. This is a rare opportunity to secure a valuable piece of Detroit real estate.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.0195
- Latitude
- 42.3711
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
