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    Martinsville Rd Belleville, MI 48111

    Sponsored
    For Sale
    $700,000

    Prime 12.29-acre commercial lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 12.29-acre parcel of vacant land presents a remarkable opportunity for commercial development in Belleville, Michigan. Located on Martinsville Rd in Van Buren Charter Township, Wayne County, this property boasts an R1A zoning designation and is conveniently situated near I-94, offering easy access to major transportation routes. The asking price is $700,000, translating to $56,957 per acre. The land is identified by APN numbers 83-088-99-0070-000 and 83-088-99-0069-701. Its strategic location is further enhanced by its proximity to a number of new developments in downtown Belleville and is surrounded by newer housing developments, suggesting a strong potential for future growth and high demand. This property is perfect for developers seeking a prime location to build a variety of commercial projects, capitalizing on the area's expanding infrastructure and residential growth. The 48111 zip code further underscores its accessibility and desirability. With its substantial size and advantageous location, this land offers significant potential for a lucrative investment. Serious inquiries are encouraged.

    Property Features for 0 Martinsville Rd

    General Information

    Property type
    Land
    Lot Size
    535,352 SF

    HighLights

    • 12.29‑acre vacant land parcel available for commercial development in Belleville, MI.
    • Prime location near I‑94 in a rapidly developing area with new residential construction.
    • Convenient access to I‑94 for excellent transportation links.
    • Surrounded by new residential developments, indicating strong future growth potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Belleville
    County
    Wayne
    State
    Michigan
    Longitude
    -83.4611204
    Latitude
    42.1504806

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    FAQs

    What type of property is this?
    Land - Prime 12.29-acre commercial lot, ideal for development.
    Where is this land located?
    The property is located at Martinsville Rd Belleville, MI.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: 12.29-acre vacant land parcel available for commercial development in Belleville, MI.; Prime location near I-94 in a rapidly developing area with new residential construction.; Convenient access to I-94 for excellent transportation links.
    (248) 476-3700
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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
    Martinsville Rd Belleville, MI 48111
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