Property profile

6122 Rosa Parks Blvd Detroit, MI 48208

OFF-MARKET
Land
Property ID
US43-1833344
0.08 ac lot
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Property summary

AI-generated overview

This exceptional 0.08-acre commercial land parcel, located at 6122 Rosa Parks Boulevard in Detroit, Michigan, presents a unique investment opportunity. Situated in Wayne County, zip code 48208, this property boasts a highly desirable location near the intersection of Rosa Parks Boulevard and Grand Boulevard, placing it within close proximity to significant landmarks such as the Motown Museum and the Henry Ford expansion. The property's R2 residential zoning allows for a variety of development possibilities, making it ideal for building a single-family residence or for a buy-and-hold strategy. With billions of dollars allocated for development in the surrounding area, this lot offers substantial potential for future appreciation. The low carrying costs associated with this vacant land make it an attractive investment for both short-term and long-term goals. The parcel's APN is W08I007608S. The asking price for this strategically positioned lot is $19,000. This is a rare chance to acquire a piece of Detroit's burgeoning real estate market. Don't miss this opportunity to capitalize on the significant growth potential in this vibrant area.

Property profile

Verified
Property type Land
Lot 0.08 ac (3,485 SF)
UPID US43-1833344

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6122 Rosa Parks Blvd Detroit, MI 48208
Detroit metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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