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    OFF-MARKET
    Commercial real estate

    1042 Meldrum St, Detroit, MI 48207

    0.3 ac lot
    Property ID
    US43-1634510
    Property summary
    AI-generated overview

    This exceptional 0.3-acre commercial land parcel, located at 1042 Meldrum Street in Detroit, Michigan, presents a unique investment opportunity. The property, encompassing three contiguous addresses (1032, 1042, and 1054 Meldrum Street), is zoned M3, offering significant development potential. Situated in the Islandview neighborhood, this strategically located lot provides easy access to major transportation routes and urban amenities. The asking price is $64,000. The Wayne County Assessor's Parcel Number (APN) is 15013483. This property is ideal for entrepreneurs and developers seeking a foothold in a rapidly growing area of Detroit. The M3 zoning allows for a variety of commercial uses, making it a versatile investment. With its generous size and prime location, this land parcel offers substantial potential for future growth and profitability. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property's address is 1042 Meldrum Street, Detroit, MI 48207. The latitude and longitude coordinates are 42.348175 and -83.010925 respectively.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 0.3 ac (13,068 SF)
    APN 15013483
    UPID US43-1634510
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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