Residential Development Opportunity in
For Sale
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5845 John R Rd, Troy, MI 48085
9.16-acre residential development opportunity in Troy, Michigan.
Property SizeContact for details
Lot Size9.16 Acres
Days on Market687
Property Features for 5845 John R Rd
General Information
Standard status
Active
Lot size
9.16 Acres
Property subtype
Land
Zoning
R-1C
Listing Agency:
P.A. Commercial Corporate & Investment Real Estate
(248) 281-9904
Listed By:
Phillip Myers · License #MI 6501333084
Source:
Crexi
Added: Oct 3, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of P.A. Commercial Corporate & Investment Real Estate
Investment Insights
Based on property information with market context.
This 9.16-acre property presents a development opportunity within the R-1C One Family Residential District. According to the City of Troy Zoning Ordinance, this district is designed as the most restrictive residential district regarding use, intending to provide environmentally sound areas of low-density, single-family, detached dwellings. The district's varying lot sizes and development options aim to accommodate a broad spectrum of house sizes and designs, appealing to a wide range of the population. Essential utilities, including water, sewer, gas, electricity, phone, and cable, are available on site.
Key Highlights
- 9.16‑acre development opportunity
- Located within the R‑1C One Family Residential District
- Designed for low‑density, single‑family, detached dwellings
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
156
Businesses Nearby
Explore this area
Business Placement
Demographics for 48085, MI
26,507
Population
9,330
Households
2.8
Avg Household Size
42
Median Age
59%
College-Educated
96%
High-School Grad
9.3 sq mi
ZIP Area
2,850
Density / Sq Mi
$144,146
Median Household Income
$65,370
Median Earnings
$2,213
Median Rent
$395,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 9.16-acre residential development opportunity in Troy, Michigan.
Where is this residential land & home lot located?
The property is located at 5845 John R Rd Troy, MI.
What is the asking price?
The asking price for this property is $2,977,000.
What are key features of this property?
This property features: 9.16‑acre development opportunity; Located within the R‑1C One Family Residential District; Designed for low‑density, single‑family, detached dwellings
