Property profile

6512 Rosa Parks Blvd Detroit, MI 48208

OFF-MARKET
Land
Property ID
US43-1675852
0.09 ac lot
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Property summary

AI-generated overview

This exceptional 0.09-acre commercial land parcel, located at 6512 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 the renowned Motown Museum and the expanding Henry Ford complex. The property's APN is W08I007629S. Currently zoned R2 Residential, this versatile lot offers significant potential for various development projects, including residential construction. The asking price is $19,000, making it an attractive proposition for buyers seeking a low-cost entry point into the Detroit real estate market. The area is experiencing substantial investment, with billions of dollars allocated for future development, promising significant appreciation potential. This vacant lot presents a compelling opportunity for both immediate development or a strategic buy-and-hold investment strategy, given its low carrying costs and prime location within a rapidly revitalizing urban environment. The property's convenient location and the surrounding development activity make it an ideal choice for investors seeking strong returns in a thriving market. Serious inquiries are encouraged.

Property profile

Verified
Property type Land
Lot 0.09 ac (3,920 SF)
UPID US43-1675852

Cap rate & NOI

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

Location

6512 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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