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    945 Stephenson Hwy Troy, MI 48083

    Sponsored
    For Sale
    $5,000,000

    9.2-acre I-B zoned land, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 9.2-acre parcel of land presents a unique investment opportunity in Troy, Michigan. Ideally situated at 945 Stephenson Highway, this property boasts convenient access to I-75, ensuring excellent visibility and connectivity. The land is zoned I-B, opening doors to a wide array of potential commercial and industrial uses. All utilities are readily available on-site, simplifying the development process. The site is fully paved, eliminating significant upfront infrastructure costs and accelerating project timelines. With its strategic location, extensive utility access, and ready-to-develop condition, this property is perfectly positioned for immediate construction. The asking price is $5,000,000, translating to $543,478.26 per acre. This represents a compelling value proposition for developers seeking a prime location in Oakland County, Michigan. The I-B zoning allows for a multitude of development options, making this a versatile and highly attractive investment. Don't miss this chance to acquire a significant piece of land in a thriving Michigan market.

    Property Features for 945 Stephenson Hwy

    General Information

    Property type
    Land
    Lot Size
    400,752 SF

    HighLights

    • 9.20‑acre parcel available for development.
    • I‑B zoning.
    • Excellent I‑75 visibility with Stephenson Highway frontage.
    • Utilities available on‑site.
    • Fully improved and ready for immediate development.
    • Permitted uses vary under I‑B zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1218009
    Latitude
    42.5436751

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    FAQs

    What type of property is this?
    Land - 9.2-acre I-B zoned land, prime location.
    Where is this land located?
    The property is located at 945 Stephenson Hwy Troy, MI.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: 9.20-acre parcel available for development.; I-B zoning.; Excellent I-75 visibility with Stephenson Highway frontage.
    Request Owner's contact information
    945 Stephenson Hwy Troy, MI 48083
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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
    945 Stephenson Hwy Troy, MI 48083
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