1980 Elmhurst St, Detroit, MI 48206
For Sale
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.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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.