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    Territorial Rd Ann Arbor, MI 48189

    For Sale
    $1,750,000

    Prime 8-acre commercial lot, ideal for mixed-use development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 8-acre commercial land parcel is situated at the northwest corner of North Territorial and Whitmore Lake Roads in Northfield Township, just north of Ann Arbor, Michigan. Conveniently located near the US 23/North Territorial exit and a short 7-mile drive to the University of Michigan hospital, this property offers unparalleled accessibility. The site boasts existing sewer and water utilities. Zoned for Commercial/Multifamily Mixed Use, this land presents a multitude of development opportunities, including senior living facilities (assisted care, independent living), fast food establishments, car washes, and drive-through businesses. The property benefits from its proximity to the new Chestnut Hills/Chestnut Village community, a thriving development featuring 208 luxury ranch apartments and 57 single-family homes. While property line images are estimates, this significant acreage presents a compelling investment opportunity. Note that an adjacent 3-acre parcel is also available for purchase. The asking price is $1,750,000, translating to $266,479 per acre. The APN is 0219100006.

    Property Features for 0 Territorial Rd

    General Information

    Property type
    Land
    Lot Size
    348,480 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ann Arbor
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.7945365
    Latitude
    42.3804846

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    FAQs

    What type of property is this?
    Land - Prime 8-acre commercial lot, ideal for mixed-use development.
    Where is this land located?
    The property is located at Territorial Rd Ann Arbor, MI.
    What is the asking price?
    The asking price for this property is $1,750,000.
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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
    Territorial Rd Ann Arbor, MI 48189
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