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    Of Martin Pkwy Commerce Charter Township, MI 48390

    For Sale
    $1,248,000

    8.32 Acres, Prime Oakland County Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 8.32-acre industrial land parcel in Commerce Charter Township, Oakland County, Michigan, presents a compelling investment opportunity. Located on the south side of Oakley Park Road, east of Martin Parkway, this property boasts 740 feet of frontage and convenient access to all utilities. The site's zoning, TLM (Technology and Light Manufacturing), offers considerable flexibility for various development projects. Its strategic location less than a mile from the new Commerce Towne Place development further enhances its appeal. The property includes two APNs: 17-24-201-008 and 17-24-201-009. The asking price is $1,248,000, translating to $150,000 per acre. The potential for inclusion in the Haggerty Road Overlay District expands the range of permissible uses, making this a highly versatile and attractive site for developers seeking a prime location in a thriving area. The property's size and location offer significant potential for future growth and return on investment. This is a rare opportunity to acquire a substantial land parcel in a desirable location with excellent access and development potential. The zip code is 48390.

    Property Features for 0 Of Martin Pkwy

    General Information

    Property type
    Individual retail properties
    Lot Size
    362,419 SF

    HighLights

    • $1,248,000 asking price for 8.32 acres of industrial land.
    • Located in Commerce Charter Township, Oakland County, MI (48390).
    • TLM (Technology and Light Manufacturing) zoning.
    • $150,000/acre land value.
    • APN: 17‑24‑201‑008; 17‑24‑201‑009.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Map

    City
    Commerce Charter Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.449167651141
    Latitude
    42.570439640493

    Nearby Comparable

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Individual retail property - 8.32 Acres, Prime Oakland County Location
    Where is this individual retail property located?
    The property is located at Of Martin Pkwy Commerce Charter Township, MI.
    What is the asking price?
    The asking price for this property is $1,248,000.
    What are key features of this property?
    This property features: $1,248,000 asking price for 8.32 acres of industrial land.; Located in Commerce Charter Township, Oakland County, MI (48390).; TLM (Technology and Light Manufacturing) zoning.
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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
    Of Martin Pkwy Commerce Charter Township, MI 48390
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