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    Pennsylania Rd Taylor, MI 48180

    Sponsored
    For Sale
    $2,175,000

    Prime 40-acre commercial lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 40-acre parcel of land, located on Pennsylvania Rd in Taylor, Michigan (Wayne County, zip code 48180), presents a remarkable investment opportunity. Currently zoned residential, the property offers significant potential for various development projects. The land boasts excellent topography and attractive natural features, making it particularly suitable for a unique residential development, either multi-family or single-family homes. The city of Taylor is open to exploring alternative uses, including high-density residential projects or light industrial applications. The asking price is $2,175,000. The property consists of one pad and is conveniently located at the coordinates 42.1833888 latitude and -83.2684147 longitude. This is a rare chance to acquire a substantial land holding in a desirable location with flexibility in permitted uses. Serious inquiries are encouraged.

    Property Features for 0 Pennsylania Rd

    General Information

    Property type
    Land
    Lot Size
    1,742,400 SF

    HighLights

    • Excellent multifamily or single‑family development opportunity.
    • Prime location with high visibility and strong demographics.
    • Zoned for high‑density residential development.
    • Utilities readily available at the site.
    • Favorable financing options available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Taylor
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2684147
    Latitude
    42.1833888

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    FAQs

    What type of property is this?
    Land - Prime 40-acre commercial lot, ideal for development.
    Where is this land located?
    The property is located at Pennsylania Rd Taylor, MI.
    What is the asking price?
    The asking price for this property is $2,175,000.
    What are key features of this property?
    This property features: Excellent multifamily or single-family development opportunity.; Prime location with high visibility and strong demographics.; Zoned for high-density residential development.
    Request Owner's contact information
    Pennsylania Rd Taylor, MI 48180
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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
    Pennsylania Rd Taylor, MI 48180
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