4939 Allen RdAllen Park, MI 48101
- Turn key restaurants
- 5,229 SF
Property Details for 4939 Allen Rd
- Year built
- 1951
- Lot size
- 0.43 AC
- Property size (Sq ft)
- 5,229 SF
- Zone code
- C 4
- Property type
- Turn key restaurants
- APN
- 30 009 06 0377 001
- APU
- 30009060377001
Description
This exceptional 5,229 square foot commercial land parcel, located at 4939 Allen Road in Allen Park, Michigan, presents a unique investment opportunity. Situated in Wayne County, with convenient access via Allen Road and a zip code of 48101, this property boasts a prime location. The land is classified as Special Purpose and is currently being offered at an asking price of $750,000. The property features a recently updated exterior, showcasing a modern and vibrant stucco finish complemented by attractive stonework. Significant recent improvements include a new roof and a new air conditioning system, minimizing immediate capital expenditure needs for the new owner. This turnkey property is ready for immediate development, offering a blank canvas for a wide range of commercial ventures. The property's size and location make it ideal for various uses, providing significant potential for future growth and return on investment. The coordinates for this property are latitude 42.2661682 and longitude -83.1997079. This is a rare opportunity to acquire a well-maintained and strategically located commercial property in a thriving area. Don't miss out on this chance to establish your business in a prime Allen Park location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,211,620
- 6.5%
- $1,118,410
- 7%
- $1,038,530
-
Comparable approach
- Method
- Valuation
- Relative Method
- $508,686
- Geo Method
- $508,686
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $2,144,620
- Mixed-Use / Specialty
- $1,129,140
- Hospitality / Lodging
- $847,564
- Office
- $1,137,750
- Institutional / Educational
- $1,179,100
- Residential Income
- $1,379,550
- Multifamily
- $1,573,010
- Automotive / Energy
- $1,010,660
- Parking / Income-Based Land
- $334,234
- Restaurant / Food Service
- $618,667
- Healthcare / Senior Housing
- $1,142,820
Location Insight
- City
- Allen Park
- County
- Wayne
- State
- Michigan
- Latitude
- 42.2666
- Longitude
- -83.1994
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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