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    Lee Rd / Whitmore Lk Rd Brighton, MI 48116

    For Sale
    $850,000

    High-visibility 1.6-acre commercial lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 1.6-acre commercial land parcel, located in Brighton, Michigan (Livingston County, zip code 48116), presents a prime opportunity for fast-food development. Situated at the intersection of Lee Road and Whitmore Lake Road, the property boasts exceptional visibility and accessibility, benefiting from its proximity to a Costco store and an existing McDonald's. The property's APN is 1605300057. The asking price is $850,000, reflecting a land value of $531,250 per acre. This price includes the removal of an existing easement. Alternatively, the property is available for $450,000 as-is, with the easement remaining in place. The property is zoned for commercial use, making it ideally suited for a variety of fast-food establishments. Its location offers significant potential for high traffic volume and strong brand recognition. The coordinates are 42.4816011 latitude and -83.7567204 longitude. This is a rare opportunity to acquire a highly desirable commercial lot in a thriving Michigan market. Serious inquiries are encouraged.

    Property Features for 0 Lee Rd / Whitmore Lk Rd

    General Information

    Property type
    Land
    Lot Size
    69,696 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Brighton
    County
    Livingston
    State
    Michigan
    Longitude
    -83.7567204
    Latitude
    42.4816011

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    FAQs

    What type of property is this?
    Land - High-visibility 1.6-acre commercial lot.
    Where is this land located?
    The property is located at Lee Rd / Whitmore Lk Rd Brighton, MI.
    What is the asking price?
    The asking price for this property is $850,000.
    Request Owner's contact information
    Lee Rd / Whitmore Lk Rd Brighton, MI 48116
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    Brighton, MI 48116
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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
    Lee Rd / Whitmore Lk Rd Brighton, MI 48116
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