11122 Hayes St Detroit, MI 48213
- Retail space
- 8,850 SF
- 0.33 lot acres
Current Use by Public Records
- Glory To God Christian Church / Church
Property Details for 11122 Hayes St
- Year built
- 1939
- Lot size
- 0.33 lot acres
- Property size
- 8,850 SF
- Zone code
- B4
- Property type
- Retail space
- APN
- 21056425.
- APU
- 21056425
Description
This 8,850 square foot commercial land parcel in Detroit, Michigan, presents a unique investment opportunity. Located at 11122 Hayes Street, in Wayne County, zip code 48213 (42.4170778, -82.9646499), this special purpose property is priced at $650,000. The property is currently configured as a strip mall, although the listing specifies it as land. While the listing mentions a previous configuration of eight units, with four currently leased, generating rental income, and two vacant units, the current state of the property as land should be independently verified. Previous tenants included a barbershop, a studio room, and a daycare center. This property offers significant potential for redevelopment or continued operation as a commercial space. The substantial size of the land provides ample room for expansion or diversification of existing businesses. The location in Detroit offers access to a diverse population and established commercial corridors. This is an ideal opportunity for investors seeking a high-return property in a growing market. Due diligence is recommended to confirm the current condition and zoning regulations of the property. The asking price reflects the potential value and redevelopment opportunities presented by this significant land parcel.
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
- -82.9645
- Latitude
- 42.4173
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
