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    1650 Yule Rd Leonard, MI 48367

    Sponsored
    For Sale
    $8,225,000

    228 Acres, Oakland County, MI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 228.46-acre property in Addison Township, Oakland County, Michigan, presents a unique investment opportunity. Located at 1650 Yule Road, Leonard, MI 48367 (APN 05-25-100-018), this expansive land parcel is zoned for both residential and agricultural use (RES./AGR). The asking price is $8,225,000, translating to approximately $36,001 per acre. The property boasts readily available water and gas utilities, making it suitable for a variety of development projects. While the property's beauty makes it ideal for single-family development, its agricultural zoning opens up additional possibilities. Financial data from 2018 shows annual real estate taxes of $5,488, while 2020 data indicates annual taxes of $29,661. This discrepancy should be independently verified. The property's prime location in northern Oakland County offers a blend of rural tranquility and convenient access to urban amenities. This substantial landholding presents a compelling opportunity for investors seeking a large-scale development project or a significant land acquisition in a desirable Michigan location. Further due diligence is recommended to fully assess the property's potential and confirm all financial and zoning details.

    Property Features for 1650 Yule Rd

    General Information

    Property type
    Farms
    Lot Size
    9,951,718 SF

    HighLights

    • $8,225,000 asking price for 228.46 acres of land.
    • Located at 1650 Yule Road, Addison Township, Oakland County, MI 48367.
    • RES/AGR zoning permits agricultural and residential uses.
    • Land value: $36,001/acre.
    • APN: 05‑25‑100‑018.
    • Available utilities include water and gas.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Department Store Accounting Firm Assisted Living Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Leonard
    County
    Oakland
    State
    Michigan
    Longitude
    -83.107516
    Latitude
    42.820448

    Nearby Comparable

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      Northern Oakland County Land Parcel

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      Vacant Land in Addison Township

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    Nearby Similar for Sale

    • $599,000
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    FAQs

    What type of property is this?
    Farm - 228 Acres, Oakland County, MI
    Where is this farm located?
    The property is located at 1650 Yule Rd Leonard, MI.
    What is the asking price?
    The asking price for this property is $8,225,000.
    What are key features of this property?
    This property features: $8,225,000 asking price for 228.46 acres of land.; Located at 1650 Yule Road, Addison Township, Oakland County, MI 48367.; RES/AGR zoning permits agricultural and residential uses.
    Request Owner's contact information
    1650 Yule Rd Leonard, MI 48367
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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
    1650 Yule Rd Leonard, MI 48367
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