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    58801 Pontiac Trl Lyon Charter Township, MI 48165

    Sponsored
    For Sale
    $600,000

    Residential land, 9 acres, R-03 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 9-acre parcel, located at 58801 Pontiac Trail in Lyon Charter Township, Oakland County, Michigan, presents a unique development opportunity. Priced at $600,000 ($66,667 per acre), this property boasts an APN of 21-09-100-070 and is zoned R-03, allowing for up to three residential units per acre. Situated in one of Michigan's fastest-growing communities, this land offers significant potential for residential development. The property's expansive size provides ample space for a variety of building plans. With a minimum permitted lot width of 75 feet, developers have considerable flexibility in designing their projects. The convenient location in Lyon Charter Township, with its zip code 48165, offers easy access to local amenities and transportation routes. This is an ideal investment for those seeking to capitalize on the thriving real estate market in this desirable area of Michigan. The geographic coordinates are 42.5043202 latitude and -83.6323205 longitude. Serious inquiries are encouraged.

    Property Features for 58801 Pontiac Trl

    General Information

    Property type
    Land
    Lot Size
    392,040 SF

    HighLights

    • High‑growth Michigan community.
    • R‑03 zoning permits up to 3 units per acre.
    • Minimum 75‑foot lot width.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Clothing Store Gym & Fitness Auto Parts Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Lyon Charter Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.6323205
    Latitude
    42.5043202

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    FAQs

    What type of property is this?
    Land - Residential land, 9 acres, R-03 zoning.
    Where is this land located?
    The property is located at 58801 Pontiac Trl Lyon Charter Township, MI.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: High-growth Michigan community.; R-03 zoning permits up to 3 units per acre.; Minimum 75-foot lot width.
    (248) 476-3700
    Request Owner's contact information
    58801 Pontiac Trl Lyon Charter Township, MI 48165
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    Lyon Charter Township, MI 48165
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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
    58801 Pontiac Trl Lyon Charter Township, MI 48165
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