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    and Richardson Un Lk Commerce Charter Township, MI 48382

    Sponsored
    For Sale
    $5,000,000

    15.68 Acres, B-2 Zoning, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 15.68-acre commercial land parcel presents a remarkable development opportunity in Commerce Charter Township, Oakland County, Michigan. Strategically located at a highly visible, lighted intersection, this property benefits from convenient access to major thoroughfares including the nearby extension of M-5 highway, providing seamless connectivity to I-696, I-96, and I-275. The B-2 Community Business zoning allows for a wide range of commercial uses, maximizing development potential. Situated less than half a mile from the planned Five and Main development, this site is poised to capitalize on the anticipated growth and increased traffic in the area. The expansive lot size offers ample space for a variety of projects, from retail centers and office buildings to restaurants and other commercial ventures. With its prime location, excellent accessibility, and flexible zoning, this property represents a compelling investment opportunity for discerning developers seeking a high-impact location in a thriving Michigan community. The address is Union Lake and Richardson, Commerce Charter Township, MI 48382. The asking price is $5,000,000.

    Property Features for and Richardson Un Lk

    General Information

    Property type
    Land
    Lot Size
    683,021 SF

    HighLights

    • $5,000,000 asking price.
    • 15.68‑acre commercial land parcel.
    • B‑2 Community Business zoning.
    • Located in Commerce Charter Township, Oakland County, MI, at a lighted intersection near M‑5, providing easy access to I‑696, I‑96, and I‑275.
    • Less than half a mile from the proposed Five and Main development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Commerce Charter Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4462812
    Latitude
    42.5779495

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    FAQs

    What type of property is this?
    Land - 15.68 Acres, B-2 Zoning, Prime Location
    Where is this land located?
    The property is located at and Richardson Un Lk Commerce Charter Township, MI.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: $5,000,000 asking price.; 15.68-acre commercial land parcel.; B-2 Community Business zoning.
    Request Owner's contact information
    and Richardson Un Lk Commerce Charter Township, MI 48382
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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
    and Richardson Un Lk Commerce Charter Township, MI 48382
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