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    Charter Township of Newport Rd Charter Township of Berlin, MI 48166

    Sponsored
    For Sale
    $550,000

    Prime 13-acre agricultural land, approved for 88 units.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 13.11-acre parcel of agricultural land, located on Newport Road in the Charter Township of Berlin, Monroe County, Michigan (48166), presents a unique investment opportunity. Currently zoned PD, the property boasts a pre-approved site plan for the construction of 88 residential units, many of which enjoy desirable golf course frontage. The land is conveniently situated near major transportation arteries, providing easy access to I-75 and I-275 expressways. Utilities are readily available in the immediate vicinity, with water and sewer lines already in place. The property's APN is 03-032-006-10. This development-ready site offers significant potential for substantial returns, given its prime location, approved site plan, and access to essential infrastructure. The asking price for this exceptional property is $550,000, translating to approximately $41,952.71 per acre. This represents a compelling opportunity to acquire a high-value parcel in a rapidly developing area. Don't miss this chance to capitalize on this exceptional investment prospect.

    Property Features for Charter Township of Newport Rd

    General Information

    Property type
    Farms
    Lot Size
    571,072 SF

    HighLights

    • 13.11‑acre parcel available for development.
    • PD zoning.
    • Approved site plan for 88 units, many overlooking the golf course.
    • Water and sewer readily available.
    • Excellent access to I‑75 and I‑275.
    • Asking price: $1,445,000 ($110,221.21/acre).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Charter Township of Berlin
    County
    Monroe
    State
    Michigan
    Longitude
    -83.3172544
    Latitude
    42.0077347

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    FAQs

    What type of property is this?
    Farm - Prime 13-acre agricultural land, approved for 88 units.
    Where is this farm located?
    The property is located at Charter Township of Newport Rd Charter Township of Berlin, MI.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: 13.11-acre parcel available for development.; PD zoning.; Approved site plan for 88 units, many overlooking the golf course.
    Request Owner's contact information
    Charter Township of Newport Rd Charter Township of Berlin, MI 48166
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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
    Charter Township of Newport Rd Charter Township of Berlin, MI 48166
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