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    Side Of Martin Pkwy Commerce Charter Township, MI 48390

    Sponsored
    For Sale
    $1,750,000

    4.26 Acres, Prime Commercial Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4.26-acre commercial land parcel is strategically located on the west side of Martin Parkway in Commerce Charter Township, Oakland County, Michigan (zip code 48390). Situated just south of Oakley Park and adjacent to the Commerce Town Hall, this property benefits from a high-visibility location surrounded by thriving new residential developments, ensuring a strong customer base. The permitted zoning is Neighborhood Commercial/Office, making it ideal for a variety of uses including retail, office, or medical facilities. All utilities are readily available on-site, simplifying development and reducing upfront costs. The property's ample size offers significant flexibility for building plans, allowing for substantial development potential. Given its prime location, excellent visibility, and versatile zoning, this parcel presents a unique opportunity for investors and developers seeking a high-return investment in a rapidly growing area. The asking price for this exceptional property is $1,750,000. Coordinates: Latitude 42.5612601, Longitude -83.4496616.

    Property Features for 0 Side Of Martin Pkwy

    General Information

    Property type
    Medical space
    Lot Size
    185,566 SF

    HighLights

    • $1,750,000 asking price.
    • 4.26‑acre commercial land parcel.
    • Neighborhood Commercial/Office zoning.
    • Located in Commerce Charter Township, Oakland County, MI, on the west side of Martin Parkway, south of Oakley Park.
    • Suitable for retail, office, or medical uses.
    • All utilities available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical space

    Map

    City
    Commerce Charter Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4496616
    Latitude
    42.5612601

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    FAQs

    What type of property is this?
    Medical space - 4.26 Acres, Prime Commercial Location
    Where is this medical space located?
    The property is located at Side Of Martin Pkwy Commerce Charter Township, MI.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: $1,750,000 asking price.; 4.26-acre commercial land parcel.; Neighborhood Commercial/Office zoning.
    Request Owner's contact information
    Side Of Martin Pkwy Commerce Charter Township, MI 48390
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    Commerce Charter Township, MI 48390
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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
    Side Of Martin Pkwy Commerce Charter Township, MI 48390
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