18906 Allen Rd Melvindale, MI 48122-1535
- Warehouses
- 2,745 SF
- 0.15 lot acres
Current Use by Public Records
- Shady View Awning / Awning Supplier
Property Details for 18906 Allen Rd
- Lot size
- 0.15 lot acres
- Property size
- 2,745 SF
- Zone code
- R1 1 FA
- Property type
- Warehouses
- APN
- 47 010 02 0024 002
- APU
- 47010020024002
Description
This exceptional commercial property, located at 18906 ALLEN Road in Melvindale, Michigan, presents a unique investment opportunity. Situated on a desirable 0.15-acre lot, this general commercial property is priced competitively at $325,000. The property's address offers excellent visibility and accessibility, making it an attractive location for a variety of businesses. The size of the lot provides ample space for development or expansion, catering to diverse business needs. The property's location in Melvindale offers convenient access to major transportation routes, ensuring easy commutes for employees and customers. This presents a strong foundation for establishing a thriving business venture. The property's versatility allows for a wide range of potential uses, making it an ideal investment for entrepreneurs and established businesses alike. Given its strategic location and competitive price point, this property is poised for significant return on investment. Serious inquiries are encouraged to explore the full potential of this exceptional commercial offering. The property is ready for immediate development or occupancy, presenting a rare opportunity in the vibrant Melvindale market. Further details regarding zoning and permitted uses are available upon request. Don't miss this chance to acquire a prime commercial property in a thriving location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $95,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $140,000
- 6.5%
- $140,000
- 7%
- $130,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $130,000
- Geo Method
- $155,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $140,000
- Retail
- $155,000
- Mixed-Use
- $135,000
- Hospitality
- $150,000
- Educational
- $165,000
- Residential Income
- $135,000
- Energy
- $155,000
- Income-Based Land
- $135,000
- Food Service
- $135,000
Location Insight
- Map
- Local Demand
- City
- Melvindale
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1905
- Latitude
- 42.2779
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA