1042 Meldrum St, Detroit, MI 48207
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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