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    285 Madeleine Ln Waterford Township, MI 48328

    For Sale
    $530,000

    Prime Residential Lots, Ready to Build

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 5-lot residential development opportunity in desirable Waterford Township, Michigan, presents a unique investment prospect. Priced at $530,000, the property encompasses a total of 9,100 to 12,332 square feet of land, identified by APN numbers 13-27-227-003; 005; 007; 022; 023. Conveniently located at 285 Madeleine Ln, Waterford Township, MI 48328 (42.643971, -83.3689848), this development boasts significant progress: 70% of the project is already built and occupied. The remaining lots are fully prepared for immediate construction, featuring convenient access to city water and sewer lines. Each lot offers the option of a walkout or full basement, and complete design and engineering plans are readily available. The sandy soil composition simplifies construction. Utilities, including water, sewer, electricity, and communication lines, are conveniently located at the front of each lot. Individual lot sales are also considered. This is an exceptional opportunity to capitalize on a nearly completed development in a highly sought-after lakeside community. The R-1B zoning ensures a straightforward development process. Don't miss this chance to acquire a turnkey residential development project.

    Property Features for 285 Madeleine Ln

    General Information

    Property type
    Land

    HighLights

    • $530,000 asking price for 5 commercial lots.
    • 9,100 - 12,332 sq ft total lot size in Waterford Township, MI.
    • R‑1B zoning.
    • 70% developed, remaining lots ready for development; utilities at each lot.
    • Walkout or full basement options available; full designs and engineering provided.
    • Individual lot sales possible; sandy soil; city water and sewer.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterford Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3689848
    Latitude
    42.643971

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    FAQs

    What type of property is this?
    Land - Prime Residential Lots, Ready to Build
    Where is this land located?
    The property is located at 285 Madeleine Ln Waterford Township, MI.
    What is the asking price?
    The asking price for this property is $530,000.
    What are key features of this property?
    This property features: $530,000 asking price for 5 commercial lots.; 9,100 - 12,332 sq ft total lot size in Waterford Township, MI.; R-1B zoning.
    (248) 476-3700
    Request Owner's contact information
    285 Madeleine Ln Waterford Township, MI 48328
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    Waterford Township, MI 48328
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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
    285 Madeleine Ln Waterford Township, MI 48328
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