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116 Arcola, Dearborn Heights, MI 48135

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For Sale

$299,000

0.41 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • Newly Listed
    Time on Century 21

  • 0.4 acres
    Lot size

Explore this Property

0.41-acre 180'x100' development site located at the northeast corner of Arcola Avenue and Cherry Hill Road in the heart of Garden City. This shovel-ready parcel has already undergone a zoning change from C-1 to R-3, allowing for multi-family residential development by right. Site plans have been completed for a two-story, 7-unit apartment building (2 one-bedroom and 5 two-bedroom units), with a total building footprint of 3,670 sq. ft. per floor and a proposed height of 22 feet. The site meets and exceeds parking requirements with 20 on-site spaces (including 2 barrier-free), and features approved layouts for landscaping, utilities, and storm water management. Key engineering components, including grading, utility, lighting, and landscape plans have all been professionally prepared. Conveniently located near shopping, restaurants, and major roadways, this property is ideal for developers or investors seeking an infill multi-family opportunity in a strong rental market. Ample visibility at signalized intersection. All utilities are available at the street.
MLS# 20251019681

Courtesy Of Own It Realty
22033 W. Outer Drive, Dearborn, MI 48124
(313) 395-0000

Property Features

  • Architecture Style
    Other
  • Lot Size
    0.41 Acres

Map and Directions

Directions to 116 Arcola, Dearborn Heights, MI 48135

Home seller CENTURY 21 Dynamic Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Dynamic Realty

(734) 728-8000
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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