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    Auburn Hills Lapeer Rd & Harmon Rd Auburn Hills, MI 48326

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    For Sale
    Contact for pricing

    Prime industrial land, Auburn Hills, MI.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    Two exceptional industrial land parcels in Auburn Hills, Michigan, offer significant investment opportunities. Parcel 1 encompasses 14.72 acres with 1,185 feet of frontage on Lapeer Road (M-24), boasting B-2 zoning. While a deed restriction on fast-food establishments existed until August 2021, this parcel presents excellent commercial potential. It's priced at $3,815,160, or $259,182 per acre. Parcel 2, a 5.5-acre site, benefits from main road exposure and is one of the last remaining I-2 zoned parcels in Auburn Hills. This parcel is offered at $1,197,900, or $217,800 per acre. Both parcels, totaling 20.22 acres, can be purchased together for a combined price of $5,013,060, averaging $247,925.82 per acre. Located in Oakland County, Michigan, with the address of Lapeer Road & Harmon Road, Auburn Hills, MI 48326, this property presents a rare chance to acquire prime industrial land in a desirable location. The parcels are situated at latitude 42.7005661 and longitude -83.2424846.

    Property Features for Auburn Hills Lapeer Rd & Harmon Rd

    General Information

    Property type
    Land
    Lot Size
    239,580 SF

    HighLights

    • Parcel 1: 14.72 acres, excellent commercial potential, 1,185 feet of frontage on Lapeer Road (M‑24), B‑2 zoning. Prior fast‑food deed restriction removed August 2021. $3,815,160 ($259,182/acre).
    • Parcel 2: 5.5 acres, main road exposure, one of the last I‑2 zoned parcels in Auburn Hills. $1,197,900 ($217,800/acre).
    • Both parcels totaling 20.22 acres available for $5,013,060 ($247,925.82/acre).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Auburn Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2424846
    Latitude
    42.7005661

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    FAQs

    What type of property is this?
    Land - Prime industrial land, Auburn Hills, MI.
    Where is this land located?
    The property is located at Auburn Hills Lapeer Rd & Harmon Rd Auburn Hills, MI.
    What are key features of this property?
    This property features: Parcel 1: 14.72 acres, excellent commercial potential, 1,185 feet of frontage on Lapeer Road (M-24), B-2 zoning. Prior fast-food deed restriction removed August 2021. $3,815,160 ($259,182/acre).; Parcel 2: 5.5 acres, main road exposure, one of the last I-2 zoned parcels in Auburn Hills. $1,197,900 ($217,800/acre).; Both parcels totaling 20.22 acres available for $5,013,060 ($247,925.82/acre).
    Request Owner's contact information
    Auburn Hills Lapeer Rd & Harmon Rd Auburn Hills, MI 48326
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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

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    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
    Auburn Hills Lapeer Rd & Harmon Rd Auburn Hills, MI 48326
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