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    6.55 Acres – Frd Rd Canton, MI 48187

    Sponsored
    For Sale
    $475,000

    6.55 Acres, R-1 Zoning, $475,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6.55-acre commercial land parcel presents a unique development opportunity in Canton, Michigan. Located on Ford Road, this property boasts significant main road frontage, providing excellent visibility and accessibility. Currently zoned R-1 (Residential), the uniquely shaped site offers numerous development options for discerning investors. The asking price is $475,000, translating to $72,520 per acre. The property's location in Wayne County, with a zip code of 48187, places it within a thriving community. Its coordinates are 42.3220683 latitude and -83.4832957 longitude. The parcel's APN is #71-069-99-0005-001. This prime location and flexible zoning make it ideal for a variety of commercial ventures, offering significant potential for future growth and return on investment. Serious inquiries are encouraged to explore the possibilities this remarkable property offers. The land's unique shape allows for creative development plans, maximizing its potential value. This is a rare opportunity to acquire a substantial land holding in a desirable location with excellent road frontage.

    Property Features for 0 6.55 Acres – Frd Rd

    General Information

    Property type
    Land
    Lot Size
    285,318 SF

    HighLights

    • 6.55‑acre parcel available for sale.
    • R‑1 residential zoning.
    • Main road frontage provides excellent visibility.
    • Irregular lot shape allows for flexible development plans.
    • Offered at $475,000, or $72,520 per acre.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Canton
    County
    Wayne
    State
    Michigan
    Longitude
    -83.4832957
    Latitude
    42.3220683

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    FAQs

    What type of property is this?
    Land - 6.55 Acres, R-1 Zoning, $475,000
    Where is this land located?
    The property is located at 6.55 Acres – Frd Rd Canton, MI.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: 6.55-acre parcel available for sale.; R-1 residential zoning.; Main road frontage provides excellent visibility.
    (248) 226-1814
    Request Owner's contact information
    6.55 Acres – Frd Rd Canton, MI 48187
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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
    6.55 Acres – Frd Rd Canton, MI 48187
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