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    3003 Commerce Xing Commerce Charter Township, MI 48390

    Sponsored
    For Sale
    $495,000

    1.5-Acre Development Ready Lot, $495,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.5-acre commercial land parcel presents a unique investment opportunity in the thriving Commerce Charter Township, Michigan. Located at 3003 Commerce Crossing, zip code 48390, this B-2 zoned property is ideally situated within the established Commerce Crossing master development, boasting high visibility and accessibility. The site is adjacent to a Red Robin restaurant and is surrounded by a strong retail presence, including Costco, Lifetime Fitness, Target, and Home Depot, ensuring high traffic counts. Daily traffic counts on nearby M-5 and Haggerty Road are 45,087 and 13,127 vehicles, respectively, providing significant exposure for any development. The property is development-ready, offering immediate availability for various uses. Potential buyers can explore options including outright sale, ground lease, or build-to-suit arrangements. The asking price is $495,000. Property taxes are available upon request. This prime location and flexible development options make this an exceptional opportunity for investors seeking high-traffic commercial land in a rapidly growing area of Oakland County. The site's proximity to major retailers and high traffic volume ensures strong potential for return on investment.

    Property Features for 3003 Commerce Xing

    General Information

    Property type
    Land
    Lot Size
    65,340 SF

    HighLights

    • 1.5‑acre parcel adjacent to Red Robin restaurant.
    • Development‑ready site with multiple potential uses.
    • Located within the Commerce Crossing master‑planned development.
    • Strong co‑tenancy including Costco, Lifetime Fitness, Target, and Home Depot.
    • Sale, ground lease, or build‑to‑suit options available.
    • Immediately available.
    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
    Commerce Charter Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4445544
    Latitude
    42.5357217

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    FAQs

    What type of property is this?
    Land - 1.5-Acre Development Ready Lot, $495,000
    Where is this land located?
    The property is located at 3003 Commerce Xing Commerce Charter Township, MI.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: 1.5-acre parcel adjacent to Red Robin restaurant.; Development-ready site with multiple potential uses.; Located within the Commerce Crossing master-planned development.
    Request Owner's contact information
    3003 Commerce Xing Commerce Charter Township, MI 48390
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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
    3003 Commerce Xing Commerce Charter Township, MI 48390
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