Residential Development Land
For Sale
$500,000
141 W Elizabeth St, Lake Orion, MI 48362
Two adjacent building lots in Lake Orion with utilities available and driveway access, zoned for residential and planned unit development.
Property SizeContact for details
Days on Market56
Property Features for 141 W Elizabeth St
General Information
Standard status
Active
Property subtype
Land
Zoning
Residential and PUD/Multifamily
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$2,190
Listing Agency:
John Graham Realty
(586) 944-5646
Listed By:
John Graham · License #6502371676
(586) 944-5646
Source:
Elliman
Added: Jun 15
Changed: Aug 8
Last Checked: Jul 16 at 9:24AM
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 John Graham Realty
Investment Insights
Based on property information with market context.
This offering consists of two adjacent building lots sold together, with the listing information reflecting the combined lot size. The property includes an existing driveway and sidewalk, and a survey is available in the documents. Utilities are available, and the lots are suitable for buyers planning single-family homes, multiple homes, or other residential configurations, subject to Village approval.
The lots are located in the Village of Lake Orion at 141 W Elizabeth St. The zoning, per the Village, allows residential use as well as planned unit development/multifamily. The parcels are identified as property ID #0902403022 for the legal description shown for 141 W Elizabeth St, and parcel ID #0902403021 for the second lot to the west.
Because the zoning permits more than one residential approach, this land pair can fit a range of development plans. Buyers should verify allowable building types, building sizes, and development requirements directly with the Village, including any applicable checks for utility locations and site considerations. The prior owner had contemplated a larger multifamily concept, but prospective buyers should complete their own due diligence regarding feasibility and approvals before proceeding. Seller is related to a licensed broker in Michigan.
The lots are located in the Village of Lake Orion at 141 W Elizabeth St. The zoning, per the Village, allows residential use as well as planned unit development/multifamily. The parcels are identified as property ID #0902403022 for the legal description shown for 141 W Elizabeth St, and parcel ID #0902403021 for the second lot to the west.
Because the zoning permits more than one residential approach, this land pair can fit a range of development plans. Buyers should verify allowable building types, building sizes, and development requirements directly with the Village, including any applicable checks for utility locations and site considerations. The prior owner had contemplated a larger multifamily concept, but prospective buyers should complete their own due diligence regarding feasibility and approvals before proceeding. Seller is related to a licensed broker in Michigan.
Key Highlights
- 2 adjacent building lots in the Village of Lake Orion (listing for 141 W Elizabeth + west parcel).
- Overall lot size listed for both parcels, with all utilities available.
- Existing driveway and sidewalk already on the property.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
553
Businesses Nearby
Explore this area
Business Placement
Demographics for 48362, MI
15,001
Population
6,428
Households
2.3
Avg Household Size
42
Median Age
44%
College-Educated
98%
High-School Grad
10.1 sq mi
ZIP Area
1,485
Density / Sq Mi
$108,667
Median Household Income
$51,826
Median Earnings
$1,095
Median Rent
$313,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Two adjacent building lots in Lake Orion with utilities available and driveway access, zoned for residential and planned unit development.
Where is this residential land & home lot located?
The property is located at 141 W Elizabeth St Lake Orion, MI.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 2 adjacent building lots in the Village of Lake Orion (listing for 141 W Elizabeth + west parcel).; Overall lot size listed for both parcels, with all utilities available.; Existing driveway and sidewalk already on the property.
