5474 Jefferson AveTrenton, MI 48183

  • Commercial real estate
  • 6,364 SF
For Sale
$595,000 View listing

Property Details for 5474 Jefferson Ave

Year built
1968
Lot size
2.41 AC
Property size (Sq ft)
6,364 SF
Zone code
R1
Property type
Commercial real estate
APN
54 026 01 0003 001
APU
54026010003001

Description

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

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
$11,109
-
-
$172,400
-
-
-
$344,800

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