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    4945 Huston Dr Orion Township, MI 48359

    Sponsored
    For Sale
    $375,000

    0.47-acre lot, build your vision.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 0.47-acre commercial lot, located at 4945 Huston Dr in Orion Township, Michigan (Oakland County, zip code 48359), presents a unique development opportunity. The property, identified by APN O-09-32-379-061, is zoned for commercial use, offering flexibility for a variety of businesses. Currently featuring a teardown home, the land provides a clean slate for new construction. This presents a significant advantage, eliminating the need for demolition and allowing for immediate project commencement. Furthermore, the property sits adjacent to a 2.78-acre lot, presenting the potential for acquisition of a combined 3.25 acres for a larger-scale development. The asking price for this strategically located parcel is $375,000. Its convenient location in Orion Township, Michigan, offers excellent access to major transportation routes and a thriving local economy. This is an ideal opportunity for investors and developers seeking a prime commercial site in a desirable area. The property's size and zoning make it suitable for a wide range of commercial ventures. Don't miss this chance to secure a valuable piece of commercial real estate in a rapidly growing market.

    Property Features for 4945 Huston Dr

    General Information

    Property type
    Land
    Lot Size
    20,473 SF

    HighLights

    • $375,000 asking price.
    • 0.47‑acre commercial land parcel.
    • Located in Orion Township, Oakland County, Michigan, at 4945 Huston Dr, 48359.
    • Commercial zoning.
    • Broker co‑op available.
    • APN: O‑09‑32‑379‑061.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Orion Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3033122
    Latitude
    42.708541

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    FAQs

    What type of property is this?
    Land - 0.47-acre lot, build your vision.
    Where is this land located?
    The property is located at 4945 Huston Dr Orion Township, MI.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: $375,000 asking price.; 0.47-acre commercial land parcel.; Located in Orion Township, Oakland County, Michigan, at 4945 Huston Dr, 48359.
    Request Owner's contact information
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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
    4945 Huston Dr Orion Township, MI 48359
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