This 1.71-acre commercial land parcel in Trenton, Michigan, presents a unique investment opportunity. Located at 5474 W Jefferson Ave, this property is zoned I-2, permitting marijuana cultivation, processing, and related uses. Currently utilized as a storage yard, the site offers significant potential for various commercial ventures, including retail, office, or medical facilities. The property boasts excellent visibility and ample parking, situated at the corner of Holmes Road and Ford Blvd, alongside established businesses such as Shoppers Marketplace, Dollar Tree, and Metro by T-Mobile. The Wayne County location, with a 48183 zip code, provides convenient access to major transportation routes. The land's assessed value is $347,953.22 per acre. While the property has a history of use as a storage yard, the zoning allows for a wide range of development possibilities. The APN is 54-026-01-0003-001. This prime location and flexible zoning make this an exceptional opportunity for investors seeking high-growth potential in a thriving commercial area. Note that some previously listed building details (square footage, height, parking, and year built) are not applicable to this land sale.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$1,310,451
Hospitality
$1,200,366
Educational
$998,690
Medical
$1,033,037
Retail
$1,553,518
Location Insight
City
Trenton
County
Wayne
State
Michigan
Latitude
42.1162
Longitude
-83.1923
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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