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    31 Mile Rd & Mound Rd Washington, MI 48095

    Sponsored
    For Sale
    $699,000

    Prime 13-acre commercial lot, ready for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional 13-acre commercial land parcel located at the intersection of 31 Mile Rd and Mound Rd in Washington, Michigan (Macomb County, zip code 48095). This property is priced at $699,000, translating to $53.77 per acre. A preliminary site plan has already been approved, dividing the land into four separate lots, making it ideal for various commercial ventures. The site boasts readily available utilities including water, gas, and electricity. While septic systems are required, the existing infrastructure significantly reduces development hurdles. The property is situated within the Romeo Community School District, offering a desirable location for businesses seeking a strong community presence. This prime location presents a unique opportunity for developers and investors seeking a substantial land holding with significant potential for future growth and development. The coordinates are 42.78504687442487 latitude and -83.07589576103757 longitude. Detailed information and site plans are available upon request.

    Property Features for 31 Mile Rd & Mound Rd

    General Information

    Property type
    Land
    Lot Size
    566,280 SF

    HighLights

    • 13‑Acre Site
    • Four Lots (Preliminary Site Plan Approved)
    • Utilities Available (Water, Gas, Electric)
    • Septic Systems Required
    • Romeo Community School District
    • Broker Contact for Details
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Washington
    County
    Macomb
    State
    Michigan
    Longitude
    -83.075895761038
    Latitude
    42.785046874425

    Nearby Comparable

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    FAQs

    What type of property is this?
    Land - Prime 13-acre commercial lot, ready for development.
    Where is this land located?
    The property is located at 31 Mile Rd & Mound Rd Washington, MI.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: 13-Acre Site; Four Lots (Preliminary Site Plan Approved); Utilities Available (Water, Gas, Electric)
    Request Owner's contact information
    31 Mile Rd & Mound Rd Washington, MI 48095
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    Washington, MI 48095
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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
    31 Mile Rd & Mound Rd Washington, MI 48095
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