This exceptional 1.03-acre commercial land parcel presents a unique investment opportunity in Detroit, Michigan. Located at 13715 Gratiot Avenue, in Wayne County, this property is zoned for commercial use and is ideally suited for ground lease development. The expansive lot offers significant potential for a variety of commercial ventures, providing ample space for construction and future expansion. The single-tenant designation ensures streamlined management and potential for long-term lease agreements. The property's strategic location on Gratiot Avenue offers excellent visibility and accessibility, ensuring high traffic volume and exposure to a large customer base. With its prime location and substantial size, this land parcel represents a rare chance to acquire a valuable asset in a thriving Detroit market. The property is ready for immediate development, making it an attractive option for investors seeking a high-return opportunity. Detailed site plans and zoning information are readily available upon request. This is an exceptional opportunity to capitalize on the growing commercial landscape of Detroit. The address is verified as 13715 Gratiot Ave, Detroit, MI 48205, with GPS coordinates of 42.4273 latitude and -82.983236 longitude. This property is offered as a ground lease opportunity.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$10,681,186
Hospitality
$9,783,909
Educational
$8,140,097
Medical
$8,420,047
Retail
$12,662,373
Location Insight
City
Detroit
County
Wayne
State
Michigan
Latitude
42.4273
Longitude
-82.9834
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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