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    OFF-MARKET
    Commercial real estate

    1179 Meldrum St, Detroit, MI 48207

    0.1 ac lot
    Property ID
    US43-1688144
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 0.1 ac (4,356 SF)
    APN 15013825
    UPID US43-1688144
    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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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