11940 Conner StDetroit, MI 48205

  • Commercial real estate
  • 2,340 SF
For Sale
$1,534,000 View listing

Property Details for 11940 Conner St

Year built
2007
Lot size
0.12 AC
Property size (Sq ft)
2,340 SF
Zone code
R3
Property type
Commercial real estate
APN
21046341.
APU
21046341

Description

This exceptional 2.31-acre Detroit land portfolio comprises fourteen lots strategically located on Conner St, W Jefferson Ave, and W Warren Ave. Zoned R-3, this offering presents a significant redevelopment opportunity, particularly given its proximity to key infrastructure improvements. Multiple lots are situated directly across from Coleman A. Young Municipal Airport, currently undergoing a major transformation after nearly 30 years. One lot is adjacent to the Gordie Howe International Bridge, benefiting from increased traffic and economic growth in the Windsor-Detroit region. The portfolio includes a retail center and several vacant lots, offering diverse development possibilities. The combined parcels present a unique chance to capitalize on Detroit's revitalization, with high visibility and access to major transportation routes. APN numbers include 21-046341, 21-046340, 21-046339, 21-046338, 21-046337, 21-046336, 21-0462778, 21-046291, 21-0463023, 21-0463178, 22-000267, 18-000093, 34-005-08-0008-000. The asking price is $1,534,000, translating to $664,069 per acre. Detailed aerial views of the included lots are available. This is a prime investment opportunity in a rapidly developing area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $557,068
    Hospitality
    $510,271
    Educational
    $424,540
    Medical
    $439,140
    Retail
    $660,395

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.4121
Longitude
-83.0062
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
2020
$587
-
-
$3,200
-
-
-
$6,400

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