Hamburg Township Development
10776 Hall Rd Whitmore Lake, MI 48189
10776 Hall Rd, Whitmore Lake, MI, 48189
$1,495,000
For Sale
$1,495,000
Infill development site with flexible zoning and existing infrastructure.
Property Size10,000 SF
Price / SF$149.50
Days on Market101
Property Features for 10776 Hall Rd
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1980
Listing Agency
Century 21 Lady of the Lakes
(734) 426-6060
Listed by
Timothy Przysiecki · License #6501262162
(734) 426-6060
Source
Elliman
Added: Apr 11 Checked: Jul 20 at 4:13 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Lady of the Lakes
Investment Insights
Based on property information with market context.
This Hamburg Township site offers an infill development opportunity with flexible zoning options and existing infrastructure. The property is currently designated for Light Industrial use and includes a 10,000 sq ft office/manufacturing building suitable for renovation for continued industrial or flex-use operations. The township has indicated openness to high-density residential redevelopment, expanding the potential uses. Natural gas, electric, and municipal sewer utilities are available at the street. The property's adjacency to the Lakeland Trail enhances marketability for residential concepts and allows for the option to split the property for phased development or mixed-use integration. The site is positioned for various development strategies, including high-density residential (townhomes, stacked flats, apartments), mixed-use residential/commercial leveraging trail access, and flex industrial or tech-light manufacturing with renovation of the existing structure. Preliminary approval exists for storage units. Commercial pad or service-based uses are supported by increasing local traffic and population growth. The property is strategically located and infrastructure-ready, allowing developers to capitalize on current zoning and future land-use flexibility in a growing market. The bike score is 42, indicating it is somewhat bikeable, and the walk score is 26, indicating it is car-dependent.
Key Highlights
- Strategically located in a rapidly expanding market.
- Flexible zoning with township support for high‑density residential redevelopment, expanding development potential.
- Existing infrastructure (natural gas, electric, municipal sewer) at the street reduces upfront development costs.
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $99.6k | $9.96 |
| − Vacancy | −$3.7k | −$0.37 |
| EGI | $95.9k | $9.59 |
| − OpEx | −$33.6k | −$3.36 |
| NOI | $62.3k | $6.23 |
10,000 SF · lease $9.96/SF/yr · vacancy 3.70% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$890.6K
$779.3K – $1.04M
NOI $62,345 @ 7.0% cap · market cap 4.17%
Second Best
Industrial
$866.7K
$758.4K – $1.01M
NOI $60,669 @ 7.0% cap · market cap 4.06%
Theoretical Best
Healthcare Medical
$1.59M
$1.39M – $1.86M
NOI $111,499 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Infill development site with flexible zoning and existing infrastructure.
Where is this flex space located?
The property is located at 10776 Hall Rd Whitmore Lake, MI.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Strategically located in a rapidly expanding market.; Flexible zoning with township support for high‑density residential redevelopment, expanding development potential.; Existing infrastructure (natural gas, electric, municipal sewer) at the street reduces upfront development costs.
