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    49421 Hayes Rd Shelby Township, MI 48315

    Sponsored
    For Sale
    $1,430,000

    5.35 Acres, Prime Location, Reduced Price!

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.35-acre commercial land parcel presents a unique investment opportunity in Shelby Township, Michigan. Located at 49421 Hayes Road, Utica, MI 48315 (APN 23-07-24-400-018), this property boasts 279 feet of frontage on Hayes Road, providing excellent visibility and accessibility. Currently zoned O-1, the land offers considerable potential for a variety of commercial developments. Permitted uses include banks and credit unions, with possibilities for senior living facilities or assisted living, subject to potential rezoning. All utilities are readily available, simplifying the development process. The asking price of $1,430,000 reflects a recent price reduction, making this an attractive proposition for discerning investors. This prime location in Macomb County offers easy access to major transportation routes and a thriving local community. The property's size and zoning flexibility make it ideal for a wide range of commercial ventures, promising significant return on investment. Don't miss this chance to acquire a highly desirable commercial land parcel in a rapidly growing area.

    Property Features for 49421 Hayes Rd

    General Information

    Property type
    Land
    Lot Size
    233,046 SF

    HighLights

    • 279 feet of frontage on Hayes Road.
    • Suitable for banks, credit unions, and similar financial uses.
    • Potential for senior living or assisted living facilities; rezoning may be feasible.
    • All utilities are readily available on‑site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Shelby Township
    County
    Macomb
    State
    Michigan
    Longitude
    -82.974424872759
    Latitude
    42.658044851151

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    FAQs

    What type of property is this?
    Land - 5.35 Acres, Prime Location, Reduced Price!
    Where is this land located?
    The property is located at 49421 Hayes Rd Shelby Township, MI.
    What is the asking price?
    The asking price for this property is $1,430,000.
    What are key features of this property?
    This property features: 279 feet of frontage on Hayes Road.; Suitable for banks, credit unions, and similar financial uses.; Potential for senior living or assisted living facilities; rezoning may be feasible.
    Request Owner's contact information
    49421 Hayes Rd Shelby Township, MI 48315
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    Shelby Township, MI 48315
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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
    49421 Hayes Rd Shelby Township, MI 48315
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