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    71255 Mckay Rd Romeo, MI 48065

    Sponsored
    For Sale
    $600,000

    6.4-acre residential lot, excellent location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6.4-acre parcel, located at 71255 McKay Road, Romeo, MI 48065 (APN 14-01-26-400-012), presents a unique opportunity. Currently zoned residential, this property offers approximately 3.5 net buildable acres due to the presence of two retention ponds. The asking price is $600,000, translating to a land value of $2.15 per square foot. Situated on the west side of McKay Road, just off 33 Mile Road, this location boasts convenient access to M-53, less than 0.15 miles away. City water and sewer are readily available on-site. The property's proximity to various residential and industrial developments, coupled with Bruce Township's openness to exploring commercial and other uses, makes it highly versatile. This single-ownership land parcel offers significant potential for a variety of development projects. The strategic location and ample acreage make this a compelling investment opportunity in a thriving area.

    Property Features for 71255 Mckay Rd

    General Information

    Property type
    Land
    Lot Size
    278,784 SF

    HighLights

    • 6.4‑acre total land parcel.
    • 3.5 acres of net usable land.
    • Two retention ponds on‑site.
    • Excellent visibility and accessibility; located at the M‑53 exit ramp off I‑33.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Romeo
    County
    Macomb
    State
    Michigan
    Longitude
    -83.0006418
    Latitude
    42.819848

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    FAQs

    What type of property is this?
    Land - 6.4-acre residential lot, excellent location.
    Where is this land located?
    The property is located at 71255 Mckay Rd Romeo, MI.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: 6.4-acre total land parcel.; 3.5 acres of net usable land.; Two retention ponds on-site.
    (248) 663-0506
    Request Owner's contact information
    71255 Mckay Rd Romeo, MI 48065
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    Romeo, MI 48065
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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
    71255 Mckay Rd Romeo, MI 48065
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