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    FOR SALE
    Commercial real estate

    1980 Elmhurst St, Detroit, MI 48206

    0.11 ac lot
    Property ID
    US43-0682194
    1980 Elmhurst St, Detroit, MI 48206 For Sale
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    1980 Elmhurst St, Detroit, MI 48206
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    Property summary
    AI-generated overview

    This exceptional 0.11-acre parcel of land, located at 1980 Elmhurst St, Detroit, MI 48206 (APN: W08I003582S), presents a compelling investment opportunity in a rapidly developing area. Zoned for multi-family use, this property offers significant potential for both residential and commercial development. Situated in Wayne County, the land's strategic location on Rosa Parks Boulevard places it within a high-demand zone where investors are actively seeking properties. The asking price is $9,841, translating to a land value of $89,463.63 per acre. This represents a unique chance to capitalize on the current market trends and build immediate equity or hold for future appreciation. The property's versatility allows for a range of development options, catering to diverse investment strategies. Whether you choose to develop the land immediately or hold it as a long-term investment, this property promises substantial returns. Don't miss this chance to secure a piece of Detroit's thriving real estate market. Act quickly, as opportunities like this are quickly snatched up.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 0.11 ac (4,792 SF)
    APN W08I003582S
    UPID US43-0682194
    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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