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    140 Elizabeth Lake Rd Pontiac, MI 48341

    Sponsored
    For Sale
    $2,800,000

    28 acres, Oakland County, MI. Opportunity Zone.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 28-acre commercial land parcel presents a unique investment opportunity in Pontiac, Michigan. Located at 140 Elizabeth Lake Road in Oakland County, this property boasts a strategic location, offering unparalleled access to a thriving market. The asking price is $2,800,000, translating to $85,000 per acre. The land is zoned for a diverse range of commercial uses, including industrial, high-tech, retail, and office developments. Its central Oakland County location provides easy access to a substantial consumer base, with over 70,000 homes situated within a five-mile radius. Further enhancing its appeal, this property is situated within an Opportunity Zone, providing potential tax advantages for qualified investors. The property's size and versatility make it ideal for large-scale development projects or strategic land banking. Detailed zoning information and potential development plans are available upon request. This is a rare opportunity to acquire a significant commercial land holding in a rapidly growing area. The property's address is 140 Elizabeth Lake, Pontiac, MI 48341. Contact us today to learn more about this exceptional investment opportunity.

    Property Features for 140 Elizabeth Lake Rd

    General Information

    Property type
    Land
    Lot Size
    1,219,680 SF

    HighLights

    • 28‑acre land parcel on Elizabeth Lake Road.
    • Zoned for diverse commercial uses including industrial, high‑tech, retail, and office.
    • Prime Oakland County location.
    • Densely populated area with 70,000 homes within a 5‑mile radius.
    • Eligible for Opportunity Zone tax incentives.
    • $85,000 per acre purchase price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pontiac
    County
    Oakland
    State
    Michigan
    Longitude
    -83.314334
    Latitude
    42.6409256

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    FAQs

    What type of property is this?
    Land - 28 acres, Oakland County, MI. Opportunity Zone.
    Where is this land located?
    The property is located at 140 Elizabeth Lake Rd Pontiac, MI.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: 28-acre land parcel on Elizabeth Lake Road.; Zoned for diverse commercial uses including industrial, high-tech, retail, and office.; Prime Oakland County location.
    Request Owner's contact information
    140 Elizabeth Lake Rd Pontiac, MI 48341
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    Pontiac, MI 48341
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    140 Elizabeth Lake Rd Pontiac, MI 48341
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