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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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24811 W Nine Mile Rd , Southfield, MI 48033
$375,000
Est. Payment: $833.33/mo
2 Bed
2 Bath
1196 Sqft
Status: Active | Days on site: 129
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366847 - 433926
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House Description

Rare 1.89-acre redevelopment opportunity in the heart of Southfield with substantial frontage along W Nine Mile Rd. Listing includes 24811 W Nine Mile Rd and sale also includes parcel IDs 24-32-202-068 and 24-32-202-069. Excellent opportunity for builders, developers, and investors seeking residential redevelopment potential. Preliminary review indicates potential for up to five (5) single-family R-1 compliant lots subject to municipal approval, land division review, and final survey/engineering. R-1 standards generally require approximately 70 feet of frontage and 9,000 sq ft per lot. Preliminary multifamily density discussions may support redevelopment concepts of up to approximately fifteen (15) 3-bedroom residential units pending rezoning, site plan approval, engineering, utilities, and public hearing process. Strong regional location with convenient access to major corridors, employment centers, retail, and transportation routes. Buyer to verify all zoning, density, frontage, utility, engineering, and development information with the City of Southfield.

Highlights

Listed by Jeremy Gabbara , 248-933-2065 Max Broock Realtors , 248-851-4100.

Property Type

Residential

Lot/Acreage
1.89

Year Built

1957

County

Oakland

Neighborhood

Southfield City

School District

Southfield

Listing ID

20261032477

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:2
  • Bathrooms:2
  • Full Bathrooms:1
  • 1/2 Bathrooms:1
Water:Public

Exterior Features

Sewer:Septic Tank
Principal Interest
$833
Taxes
$269

Home Price

$375,000

Loan Details

30 yrs
%

Down Payment

20%
$75,000
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Monthly Price:
$833.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $833.33 $269.00 $0.00 $1,102.33
Yearly $10,000.00 $3,228.00 $0.00 $13,228.00
Total $300,000.00 $96,840.00 $0.00 $396,840.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Southfield, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.