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    2120 Wixom Rd Wixom, MI 48393

    Sponsored
    For Sale
    $699,000

    Prime Wixom commercial land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.25-acre commercial development site, located at 2120 N Wixom Rd in Wixom, Michigan (zip code 48393), presents a unique investment opportunity. Situated at the corner of N Wixom Rd and Loon Lake Rd, in Oakland County, this single-ownership property is zoned RA-1. The site boasts a rich history, having previously received approval for a 26,000 square foot office/bank development, as evidenced by a consent judgment. This existing approval streamlines the development process, significantly reducing potential hurdles. The property's strategic location at the Commerce Township/Wixom border offers unparalleled access to a thriving community. Surrounded by burgeoning residential neighborhoods, this land is perfectly positioned to capitalize on strong demographics and the increasing demand for both residential and mixed-use developments. A land lease option is also available. The asking price for this exceptional parcel is $699,000. Don't miss this chance to acquire a prime piece of land with significant development potential in a rapidly growing area. Contact us today to learn more.

    Property Features for 2120 Wixom Rd

    General Information

    Property type
    Land
    Lot Size
    141,570 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Wholesale Shop Auto Repair Shop Clothing Store Nail Salon Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Wixom
    County
    Oakland
    State
    Michigan
    Longitude
    -83.536624
    Latitude
    42.5526989

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      Specialty properties
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    FAQs

    What type of property is this?
    Land - Prime Wixom commercial land, ideal for development.
    Where is this land located?
    The property is located at 2120 Wixom Rd Wixom, MI.
    What is the asking price?
    The asking price for this property is $699,000.
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    2120 Wixom Rd Wixom, MI 48393
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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
    2120 Wixom Rd Wixom, MI 48393
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