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    Highland Rd Waterford Township, MI 48327

    Sponsored
    For Sale
    $2,350,000

    53 Acres, M-59 Frontage, Office Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 53-acre commercial land parcel presents a unique investment opportunity in Waterford Township, Michigan. Strategically located at the southwest corner of Highland Road (M-59) and Hospital Road, this property boasts unparalleled visibility and accessibility. The site comprises four contiguous parcels (APN: 13-19-200-056, 13-19-200-055, 13-19-200-050 & 13-19-200-053), offering significant development potential. Its prime location directly fronts Highland Road (M-59), a major thoroughfare, ensuring high traffic exposure. The property's proximity to Oakland County Airport further enhances its desirability. The land is zoned O-2 General Office, allowing for a wide range of commercial development possibilities. All necessary utilities are readily available, simplifying the development process. With its substantial size, strategic location, and versatile zoning, this property is ideally suited for a variety of commercial ventures. The asking price is $2,350,000. This is a rare opportunity to acquire a significant land holding in a thriving Oakland County location. Don't miss out on this exceptional investment prospect.

    Property Features for 0 Highland Rd

    General Information

    Property type
    Land
    Lot Size
    2,308,680 SF

    HighLights

    • $2,350,000 asking price.
    • 53‑acre commercial land parcel.
    • O‑2 General Office zoning.
    • Located at SW corner of Highland Rd (M‑59) and Hospital Rd, Waterford Township, MI 48327.
    • Four parcels: APN 13‑19‑200‑056, 13‑19‑200‑055, 13‑19‑200‑050 & 13‑19‑200‑053.
    • Across from Oakland County Airport; all utilities available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Waterford Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.41687717954
    Latitude
    42.659661617778

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    FAQs

    What type of property is this?
    Land - 53 Acres, M-59 Frontage, Office Zoning
    Where is this land located?
    The property is located at Highland Rd Waterford Township, MI.
    What is the asking price?
    The asking price for this property is $2,350,000.
    What are key features of this property?
    This property features: $2,350,000 asking price.; 53-acre commercial land parcel.; O-2 General Office zoning.
    Request Owner's contact information
    Highland Rd Waterford Township, MI 48327
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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
    Highland Rd Waterford Township, MI 48327
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