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Property profile & analytics

5930 Hastings St Detroit, MI 48211

  • Industrial land
  • 0.72 lot acres
OFF-MARKET
Last Sale
Nov 15, 2022
$339,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US43-1204682
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Industrial land

Property Details for 5930 Hastings St

Lot size
0.72 lot acres
Zone code
M3
Property type
Industrial land
APN
05004175-82
APU
500417582

Description

This exceptional 0.72-acre development opportunity is located at 5930 Hastings St, Detroit, MI 48211, in the thriving Medbury Park and Milwaukee Junction neighborhoods. Zoned M3, this vacant site offers 31,380 square feet and boasts 202 feet of frontage on Harper Street, ensuring high visibility and accessibility. Its prime location near the I-75/I-94 interchange provides easy access to major transportation routes. The property is less than three miles from downtown Detroit and minutes from Tech Town, the Cultural Center, Midtown, Wayne State University, and several museums. Across the street from the new Elaine Lofts development, this site benefits from the surrounding revitalization and new construction. This location presents tremendous potential for commercial development, particularly for businesses seeking to capitalize on the area's growth. Importantly, the property has conditional approval for cannabis use, presenting a unique opportunity within this burgeoning market. The asking price is $169,999. This is a rare chance to invest in a rapidly expanding area of Detroit.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Detroit
County
Wayne
State
Michigan
Longitude
-83.0598
Latitude
42.3687
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,466
$0.00
$0.00
$94,100
-
$0.00
$0.00
$188,200
More about this property
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