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    Arkona Rd Milan, MI 48160

    Sponsored
    For Sale
    $1,000,000

    Prime 31-acre residential development site.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 31.47-acre parcel in Milan, Michigan, presents a unique investment opportunity. Located in Washtenaw County, with the address of Arkona Rd, zip code 48160, and APN 19-19-26-400-008, this land is zoned R-3/M/PUD, making it ideal for residential development. Site plans have already been approved for the construction of 124 residential lots, representing the final two phases of the Uptown Village subdivision. All essential public utilities—natural gas, city water and sewer, and electricity—are readily available at the site. The property boasts convenient access to US-23 and Carpenter Road, ensuring easy commuting. Uptown Village offers residents access to a clubhouse, an in-ground pool, and walking areas, enhancing the desirability of the community. The location is highly advantageous, situated between Ann Arbor and Toledo, providing proximity to major employment centers, shopping, and other amenities. Schools are also conveniently located nearby. The asking price for this remarkable property is $1,000,000, translating to approximately $31,776.29 per acre. This represents a compelling opportunity to capitalize on the strong demand for residential properties in this thriving area.

    Property Features for 0 Arkona Rd

    General Information

    Property type
    Residential income homes
    Lot Size
    1,370,833 SF

    HighLights

    • $1,000,000 asking price for 31.47 acres of land.
    • Residential land zoned R‑3/M/PUD.
    • $31,776.29 per acre land value.
    • Located at Arkona Rd, Milan, MI 48160 (APN: 19‑19‑26‑400‑008).
    • Site plan approved for 124 residential lots.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Map

    City
    Milan
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.637721
    Latitude
    42.0986111

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    FAQs

    What type of property is this?
    Residential income home - Prime 31-acre residential development site.
    Where is this residential income home located?
    The property is located at Arkona Rd Milan, 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: $1,000,000 asking price for 31.47 acres of land.; Residential land zoned R-3/M/PUD.; $31,776.29 per acre land value.
    (734) 994-3100
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    Arkona Rd Milan, MI 48160
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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
    Arkona Rd Milan, MI 48160
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