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    1.15-Acre Erb Dr Macomb, MI 48042

    Sponsored
    For Sale
    $250,000

    1.15-acre lot, buildable up to 15,000 sq ft.

    Property size:
    15,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.15-acre parcel, located in Macomb County, Michigan, presents a prime opportunity for industrial development. Zoned for light industrial use, this property offers significant potential for a new construction project. The lot, measuring approximately 295 feet by 173 feet, is conveniently situated near I-94, ensuring high visibility and excellent accessibility. The asking price is $250,000, translating to $16.67 per square foot and $217,391 per acre. The site allows for the construction of a building ranging from 10,000 to 15,000 square feet. All city utilities, including gas, water, and sewer, are readily available. Note that this lot will be split from 46705 Erb Drive. The property's address is 1.15-acre Erb Drive, Macomb, MI 48042, with the APN 20-08-36-227-004. This is a rare opportunity to acquire a well-located, buildable industrial lot in a thriving area. Don't miss out on this chance to establish your business in a strategic location with excellent infrastructure and access to major transportation routes.

    Property Features for 0 1.15-Acre Erb Dr

    General Information

    Property type
    Land
    Square Feet
    15,000 SF
    Lot Size
    50,094 SF

    HighLights

    • $250,000 asking price for a 1.15‑acre light industrial parcel.
    • 15,000 square feet buildable, with a price per square foot of $16.67.
    • Light Industrial zoning.
    • High‑visibility location near 21 Mile Road and I‑94 in Macomb, MI (48042).
    • Lot to be split with 46705 Erb Dr.; all city utilities available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Macomb
    County
    Macomb
    State
    Michigan
    Longitude
    -82.857838
    Latitude
    42.6420998

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    FAQs

    What type of property is this?
    Land - 1.15-acre lot, buildable up to 15,000 sq ft.
    Where is this land located?
    The property is located at 1.15-Acre Erb Dr Macomb, MI.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: $250,000 asking price for a 1.15-acre light industrial parcel.; 15,000 square feet buildable, with a price per square foot of $16.67.; Light Industrial zoning.
    Request Owner's contact information
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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
    1.15-Acre Erb Dr Macomb, MI 48042
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