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    9440 Spencer Rd Brighton, MI 48116

    Sponsored
    For Sale
    $5,255,000

    Prime Brighton land, I-96 frontage, development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 31-acre commercial land parcel presents a remarkable development opportunity in the thriving Brighton, Michigan market. Located at 9440 Spencer Rd, Brighton, MI 48116, this property boasts an advantageous location with easy access to I-96 and proximity to downtown Brighton. The land is zoned R-3 Residential Single Family District, offering flexibility for various residential development projects. With a total asking price of $5,255,000, the price per acre stands at $169,516. The property's APN numbers are 4712-29-300-010, 4712-29-300-011, 4712-29-300-018, and 4712-29-300-025. Utilities are conveniently located nearby, simplifying infrastructure development. The site's strategic location offers easy freeway access and is within the highly-regarded Brighton area school district. This presents a unique chance to capitalize on the growing demand for residential properties in this desirable Michigan community. Don't miss this exceptional opportunity to acquire a significant land holding with immense development potential.

    Property Features for 9440 Spencer Rd

    General Information

    Property type
    Land
    Lot Size
    1,350,360 SF

    HighLights

    • Excellent freeway access.
    • Prime location near downtown Brighton.
    • High‑visibility I‑96 frontage.
    • Located within the desirable Brighton school district.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Brighton
    County
    Livingston
    State
    Michigan
    Longitude
    -83.7730237
    Latitude
    42.5093496

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    FAQs

    What type of property is this?
    Land - Prime Brighton land, I-96 frontage, development opportunity.
    Where is this land located?
    The property is located at 9440 Spencer Rd Brighton, MI.
    What is the asking price?
    The asking price for this property is $5,255,000.
    What are key features of this property?
    This property features: Excellent freeway access.; Prime location near downtown Brighton.; High-visibility I-96 frontage.
    (248) 476-3700
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    9440 Spencer Rd Brighton, MI 48116
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    Brighton, MI 48116
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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
    9440 Spencer Rd Brighton, MI 48116
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