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    M-5 Mile Rd Commerce Charter Township, MI 48377

    Sponsored
    For Sale
    $1,000,000

    5 Acres, Prime Location, $1M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5-acre commercial land parcel presents a unique investment opportunity in Novi, Michigan. Strategically located at the high-traffic intersection of M-5 and 14 Mile Road, this property boasts unparalleled visibility and convenient access to major thoroughfares including I-696 and I-275. The site comprises two parcels, 4.08 acres (Parcel ID: 50-22-01-200-021) and 1.14 acres (Parcel ID: 50-22-01-22-020), totaling 5.22 acres. Its prime location makes it ideal for a wide range of commercial developments. Potential uses include, but are not limited to, the construction of an office building, medical facility, recreational facility, daycare center, or bank branch. The asking price for this exceptional property is $1,000,000. This is a rare opportunity to acquire a significant commercial land holding in a thriving Oakland County market with excellent access to major transportation arteries. Don't miss this chance to secure a prominent location for your next venture. The property is located in Commerce Charter Township, Novi, MI, 48377.

    Property Features for M-5 Mile Rd

    General Information

    Property type
    Land
    Lot Size
    217,800 SF

    HighLights

    • 5.22‑acre commercial land parcel in Novi, MI, at the high‑visibility corner of M‑5 and 14 Mile Road.
    • Two parcels included: 4.08 acres (Parcel ID: 50‑22‑01‑200‑021) and 1.14 acres (Parcel ID: 50‑22‑01‑22‑020).
    • Excellent access to major freeways: M‑5, I‑696, and I‑275.
    • Suitable for various commercial uses, including office, medical, recreational, daycare, or bank.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Commerce Charter Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4449891
    Latitude
    42.5268835

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    FAQs

    What type of property is this?
    Land - 5 Acres, Prime Location, $1M
    Where is this land located?
    The property is located at M-5 Mile Rd Commerce Charter Township, MI.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: 5.22-acre commercial land parcel in Novi, MI, at the high-visibility corner of M-5 and 14 Mile Road.; Two parcels included: 4.08 acres (Parcel ID: 50-22-01-200-021) and 1.14 acres (Parcel ID: 50-22-01-22-020).; Excellent access to major freeways: M-5, I-696, and I-275.
    (248) 399-9999
    Request Owner's contact information
    M-5 Mile Rd Commerce Charter Township, MI 48377
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    Commerce Charter Township, MI 48377
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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
    M-5 Mile Rd Commerce Charter Township, MI 48377
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