Build-Ready Lot in Farmington,
For Sale
$85,000
Lake Way, Farmington, MI 48335
LAND - Farmington, MI
Property SizeContact for details
Lot Size0.37 Acres
Days on Market357
Property Features for Lake Way
General Information
Property type
Land
Property subtype
Other
Zoning
Residential
Subdivision
Brookdale Sub
Elementary school district
Farmington
Middle school district
Farmington
High school district
Farmington
Directions
West of Orchard Lake, North off Grand River on West side of Lakeway.
Standard status
Active
APN
2327403140
Lot size
0.37 Acres
Taxes and HOA fees
Tax Description
T1N, R9E, SEC 27 BROOKDALE SUB LOT 118 EXC W 64.30 FT DESC AS BEG AT W COR OF SD LOT, TH N 87-17-00 E 64.30 FT, TH S 02-42-26 E 40.93 FT, TH N 60-14-02 W 76.22 FT TO BEG 12-16-22 FR 136
Tax Annual Amount
2291
Legal Description
T1N, R9E, SEC 27 BROOKDALE SUB LOT 118 EXC W 64.30 FT DESC AS BEG AT W COR OF SD LOT, TH N 87-17-00 E 64.30 FT, TH S 02-42-26 E 40.93 FT, TH N 60-14-02 W 76.22 FT TO BEG 12-16-22 FR 136
Listing Agency:
Preferred, Realtors(R) Ltd · Coldwell Banker Real Estate
(734) 459-6000
Listed By:
Michael H Cutsinger
(734) 459-6000
Added: Aug 21, 2025
Changed: May 13
Last Checked: Aug 12 at 3:06PM
MLS# 20251029578
Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 0.37-acre lot presents a prime opportunity to build a custom home. The property is located steps from Historic Downtown Farmington. Zoned R1P and equipped with utilities, this cleared and level lot is ready for immediate development. The property has no HOA fees. It is situated in a walkable neighborhood close to schools, parks, restaurants, shopping, and farmers markets. Several large trees have already been removed from the property.
Key Highlights
- Build‑ready: Cleared, level lot with utilities in place for immediate development.
- Prime Location: Steps from Historic Downtown Farmington, offering walkability to amenities.
- No HOA Fees: Freedom from homeowner association restrictions and fees.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
877
Businesses Nearby
Explore this area
Business Placement
Demographics for 48335, MI
25,618
Population
11,964
Households
2.1
Avg Household Size
36
Median Age
65%
College-Educated
98%
High-School Grad
7.2 sq mi
ZIP Area
3,558
Density / Sq Mi
$96,359
Median Household Income
$66,646
Median Earnings
$1,451
Median Rent
$366,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Cleared, level lot ready for immediate development near downtown Farmington.
Where is this residential land & home lot located?
The property is located at Lake Way Farmington, MI.
What is the asking price?
The asking price for this property is $85,000.
What are key features of this property?
This property features: Build‑ready: Cleared, level lot with utilities in place for immediate development.; Prime Location: Steps from Historic Downtown Farmington, offering walkability to amenities.; No HOA Fees: Freedom from homeowner association restrictions and fees.
