11122 Hayes StDetroit, MI 48213

For Sale
$650,000

8,850 SF Commercial Land, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
92
This 8,850 square foot commercial land parcel in Detroit, Michigan, presents a unique investment opportunity. Located at 11122 Hayes Street, in Wayne County, zip code 48213 (42.4170778, -82.9646499), this special purpose property is priced at $650,000. The property is currently configured as a strip mall, although the listing specifies it as land. While the listing mentions a previous configuration of eight units, with four currently leased, generating rental income, and two vacant units, the current state of the property as land should be independently verified. Previous tenants included a barbershop, a studio room, and a daycare center. This property offers significant potential for redevelopment or continued operation as a commercial space. The substantial size of the land provides ample room for expansion or diversification of existing businesses. The location in Detroit offers access to a diverse population and established commercial corridors. This is an ideal opportunity for investors seeking a high-return property in a growing market. Due diligence is recommended to confirm the current condition and zoning regulations of the property. The asking price reflects the potential value and redevelopment opportunities presented by this significant land parcel.

Highlights

  • $650,000 asking price.
  • 8,850 square foot lot.
  • Special purpose commercial land in Detroit, MI.
  • Located at 11122 Hayes Street, Detroit, MI 48213.
  • Four of eight units currently leased, generating rental income.
  • Two vacant units available for lease or owner-use.

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.4170778
Longitude
-82.9646499
11122 Hayes St, Detroit, Michigan

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11122 Hayes St
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