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    Old Farm Trl Armada, MI 48005

    Sponsored
    For Sale
    $499,000

    Prime Macomb County commercial acreage.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 37.05-acre parcel of vacant commercial land presents a unique investment opportunity in Armada, Michigan. Located in Macomb County, this property boasts a desirable square shape, simplifying development and maximizing usability. The land offers convenient access to Old Farm Trail, providing excellent accessibility for potential businesses and developments. Its proximity to 34 Mile Road to the north further enhances its strategic location, offering easy access to major transportation routes. The asking price for this expansive property is $499,000. Given its size, location, and accessibility, this land is ideally suited for a variety of commercial ventures, from industrial development to retail or other commercial uses. The property's square configuration minimizes wasted space and allows for efficient planning and construction. The absence of existing structures provides a blank canvas for ambitious projects, allowing for complete customization to meet specific business needs. This is a rare opportunity to acquire a significant land holding in a rapidly growing area of Macomb County, offering substantial potential for future appreciation and return on investment. The property is zoned for commercial use (verification of zoning with local authorities is recommended). Detailed surveys and environmental reports are available upon request. This property is offered at $499,000. Serious inquiries only.

    Property Features for 0 Old Farm Trl

    General Information

    Property type
    Land
    Lot Size
    1,613,898 SF

    HighLights

    • Level, rectangular parcel with Old Farm Trail access.
    • 37.05‑acre vacant land tract.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Armada
    County
    Macomb
    State
    Michigan
    Longitude
    -82.943753
    Latitude
    42.8328161

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    FAQs

    What type of property is this?
    Land - Prime Macomb County commercial acreage.
    Where is this land located?
    The property is located at Old Farm Trl Armada, MI.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Level, rectangular parcel with Old Farm Trail access.; 37.05-acre vacant land tract.;
    Request Owner's contact information
    Old Farm Trl Armada, MI 48005
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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
    Old Farm Trl Armada, MI 48005
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