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    9440 Spencer Rd Brighton, MI 48114

    Sponsored
    For Sale
    $4,630,000

    Prime Brighton land, 31 acres, R-3 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 31-acre parcel presents a remarkable development opportunity in the desirable Brighton, Michigan area. Located at 9440 Spencer Rd, with APN numbers 4712-29-300-010, 4712-29-300-011, 4712-29-300-018, and 4712-29-300-025, this property is zoned R-3 Residential Single Family District, offering significant potential for residential construction. The asking price is $4,630,000, translating to $149,355 per acre. Its strategic location provides easy access to I-96, placing it within close proximity to downtown Brighton and the highly-rated Brighton Area Schools. Utilities are conveniently located nearby, simplifying development plans. This expansive lot offers a unique blend of accessibility and prime location, making it an ideal investment for discerning developers seeking a high-value opportunity in a thriving Michigan community. The property's size and zoning regulations provide ample flexibility for a variety of residential development projects. Serious inquiries are encouraged.

    Property Features for 9440 Spencer Rd

    General Information

    Property type
    Land
    Lot Size
    1,350,360 SF

    HighLights

    • 31‑acre development site in Brighton, MI, priced at $4,630,000 ($149,355/acre).
    • Easy I‑96 freeway access.
    • Close proximity to Downtown Brighton.
    • I‑96 frontage.
    • Located within the highly‑rated Brighton Area Schools district.
    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 Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Brighton
    County
    Livingston
    State
    Michigan
    Longitude
    -83.7644193
    Latitude
    42.5329151

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    FAQs

    What type of property is this?
    Land - Prime Brighton land, 31 acres, R-3 zoning.
    Where is this land located?
    The property is located at 9440 Spencer Rd Brighton, MI.
    What is the asking price?
    The asking price for this property is $4,630,000.
    What are key features of this property?
    This property features: 31-acre development site in Brighton, MI, priced at $4,630,000 ($149,355/acre).; Easy I-96 freeway access.; Close proximity to Downtown Brighton.
    (248) 476-3700
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    9440 Spencer Rd Brighton, MI 48114
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    Brighton, MI 48114
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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
    9440 Spencer Rd Brighton, MI 48114
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