24995 Allen Rd, Woodhaven, MI 48183-3348
This exceptional commercial land parcel presents a unique investment opportunity in the thriving Woodhaven, Michigan market. Located at the highly visible northeast corner of Allen Road and Van Horn Road, this property boasts an expansive 37,105 square feet (181 feet x 205 feet) of vacant land, ready for immediate development. The property's strategic location ensures high traffic visibility and accessibility, making it ideal for a variety of commercial ventures. The zoning designation is B-3 General Business, offering flexibility for diverse business types. Importantly, a deed restriction is in place, specifying permitted use as a gasoline and convenience store. This restriction provides clarity and potential advantages for developers seeking to establish such a business. The asking price of $300,000 represents a compelling value for this prime commercial land in a rapidly growing area. The property's size, location, and zoning make it an attractive prospect for investors and developers seeking a high-return investment in a desirable location. The address is 24995 Allen Rd, Woodhaven, MI 48183, within Wayne County. This is a rare opportunity to acquire a strategically located commercial lot with clear development potential. Don't miss out on this chance to secure a piece of prime real estate in a bustling commercial area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
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.