This exceptional 2,546 square foot church building, constructed in 1938, presents a unique investment opportunity in Detroit, Michigan. Located at 8100 Chalfonte Street, this special purpose property sits on a 4,792 square foot lot and is offered at an attractive price of $100,000. The building boasts excellent visibility due to ample frontage on Chalfonte Street. A significant advantage is the inclusion of a parking lot directly across the street, providing convenient and easy access for potential users. The property is well-maintained and clean, presenting a solid foundation for its next chapter. Its adaptable design allows for conversion to accommodate a variety of uses, making it an attractive prospect for entrepreneurs and investors seeking a versatile space in a desirable location. The property is situated in Wayne County, Michigan, with the zip code 48238. This presents a rare chance to acquire a substantial building in a vibrant urban setting at a compelling price point. The property's history and potential for repurposing make it a truly unique investment opportunity.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$636,343
Hospitality
$582,887
Educational
$484,955
Medical
$501,633
Retail
$754,375
Location Insight
City
Detroit
County
Wayne
State
Michigan
Latitude
42.4006
Longitude
-83.1499
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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