Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    41983 Cherry Hill Rd Canton, MI 48188

    For Sale
    $331,000

    2.81 Acres, R-4 Zoning, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 2.81-acre commercial land parcel presents a remarkable investment opportunity in the thriving Canton, Michigan market. Located at 41983 Cherry Hill Road, just east of Lilley Road, this property boasts excellent visibility and accessibility, making it ideal for a variety of commercial developments. The land is zoned R-4, allowing for a density of four units per acre, providing significant development potential. With a total asking price of $331,000, the price per acre comes to $117,794. The property's prime location offers significant advantages for developers seeking to capitalize on Canton's growth. Its convenient access to major roadways ensures easy commutes and ample exposure to potential customers. The site is adjacent to St. Thomas A. Beckett Church, providing a recognizable landmark for increased visibility. Furthermore, essential utilities, including sewer and water, are readily available, simplifying the development process. The property's APN is 71-089-99-0008-001. This is a rare opportunity to acquire a well-situated commercial land parcel in a highly desirable area, offering significant returns for the discerning investor. Don't miss this chance to secure a prime piece of Canton real estate.

    Property Features for 41983 Cherry Hill Rd

    General Information

    Property type
    Land
    Lot Size
    122,404 SF

    HighLights

    • High‑visibility location on Cherry Hill Road with excellent accessibility.
    • Prime development opportunity in Canton's thriving market.
    • Located next to St. Thomas A. Beckett Church.
    • All utilities available (sewer and water).
    Property Profile Insight Report 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 Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Wayne
    State
    Michigan
    Longitude
    -83.4552889
    Latitude
    42.306807

    Nearby Similar for Sale

    • $585,000
      2,356 SF

      Canton Farmhouse Retreat with Pole Barn

      Farmhouse on 2.35 acres with a large pole barn.
      49035 Geddes Rd, Canton, MI 48188
      View Details
    • $1,500,000
      5.72 Acres

      Canton Land with Approved Plans

      Land with approved plans for warehouse and truck parking.
      4891 S Sheldon Rd, Canton, MI 48188
      View Details
    • $174,999
      1,500 SF

      Turnkey Restaurant Opportunity in Canton

      Fully equipped restaurant/bakery/pizzeria in a plaza with established businesses.
      Canton, MI 48187
      View Details
    • $190,000

      Canton Townhome-Style Condo with Updates

      Well-kept three-bedroom condo with updated kitchen and baths.
      6986 Harvard Ln, Canton, MI 48187
      View Details
    • $289,000
      1,512 SF

      Cape Cod Condo with Updates

      Well-maintained condo with updated features, convenient location, and Plymouth/Canton schools.
      139 Concord Dr, Canton, MI 48188
      View Details
    • $319,000

      Golf Course View Brick Ranch

      Two-bedroom condo with golf course views in Canton.
      1913 Pebble Creek Dr, Canton, MI 48188
      View Details

    FAQs

    What type of property is this?
    Land - 2.81 Acres, R-4 Zoning, High Visibility
    Where is this land located?
    The property is located at 41983 Cherry Hill Rd Canton, MI.
    What is the asking price?
    The asking price for this property is $331,000.
    What are key features of this property?
    This property features: High-visibility location on Cherry Hill Road with excellent accessibility.; Prime development opportunity in Canton's thriving market.; Located next to St. Thomas A. Beckett Church.
    Request Owner's contact information
    41983 Cherry Hill Rd Canton, MI 48188
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    41983 Cherry Hill Rd
    Canton, MI 48188
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    41983 Cherry Hill Rd Canton, MI 48188
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.