1179 Meldrum St, Detroit, MI 48207
This exceptional 0.1-acre commercial land parcel, located at 1179 Meldrum Street in Detroit, Michigan, presents a unique investment opportunity. The property, identified by APN 15013825, boasts a generous 30 x 140 foot footprint, offering significant development potential. Its strategic location in the Island View neighborhood provides easy access to key areas, including the Elmwood Cemetery and the Solanus Casey Center. The surrounding area is experiencing substantial growth and redevelopment, making this a particularly attractive proposition for investors seeking to capitalize on the upward trajectory of the Detroit market. The property is zoned M3, allowing for a wide range of commercial, heavy industrial, and light industrial uses, providing flexibility for diverse development plans. This versatile zoning, combined with the property's size and prime location, makes it an ideal site for a variety of projects. The asking price of $25,000 represents an exceptional value for a commercial lot in this rapidly developing area of Detroit. Serious inquiries are encouraged to explore the possibilities this property offers. The property's address is 1179 Meldrum St, Detroit, MI 48207. The latitude and longitude coordinates are 42.349762, -83.012803 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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.