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    7285 Whitmore Lake Rd Whitmore Lake, MI 48189

    Sponsored
    For Sale
    $1,500,000

    3 Acres, $1.5M, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3-acre commercial land parcel is ideally situated on the hard corner of North Territorial and Whitmore Lake Roads in Washtenaw County, Michigan. Located just north of Ann Arbor and conveniently close to US 23/North Territorial exit, this property offers unparalleled visibility and accessibility. The site boasts existing sewer and water utilities. Zoned for Commercial use, the Township Master Plan designates this area for Commercial/Multifamily Mixed Use development. Potential uses include 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 location presents a significant opportunity for investors and developers. An adjacent 8-acre parcel is also available for purchase. The property's APN is 0219100006. The asking price is $1,500,000, representing a price per acre of $500,000. The address is 7285 Whitmore Lake Rd, Whitmore Lake, MI 48189.

    Property Features for 7285 Whitmore Lake Rd

    General Information

    Property type
    Land
    Lot Size
    130,680 SF

    HighLights

    • $1,500,000 asking price for 3 acres of commercially zoned land.
    • Located at 7285 Whitmore Lake Rd, Whitmore Lake, MI 48189 (APN: 0219100006).
    • $500,000 per acre land value.
    • Situated on a hard corner at the intersection of North Territorial and Whitmore Lake Roads, near Ann Arbor.
    • Sewer and water available on‑site.
    • Zoned for Commercial/Multifamily Mixed Use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Auto Repair Shop Kitchen & Bath Food Market Storage Facility Convenience Store Smoke and Vape Shop Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Whitmore Lake
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.7713855
    Latitude
    42.3856668

    Nearby Comparable

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      Ann Arbor Commercial Land - 8 Acres

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

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      Two-Unit Multifamily Property

      Two-unit multifamily property for sale.
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      Mixed-Use Property Near Whitmore Lake

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      Whitmore Lake Industrial Warehouse

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    FAQs

    What type of property is this?
    Land - 3 Acres, $1.5M, High Visibility
    Where is this land located?
    The property is located at 7285 Whitmore Lake Rd Whitmore Lake, MI.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price for 3 acres of commercially zoned land.; Located at 7285 Whitmore Lake Rd, Whitmore Lake, MI 48189 (APN: 0219100006).; $500,000 per acre land value.
    Request Owner's contact information
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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
    7285 Whitmore Lake Rd Whitmore Lake, MI 48189
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