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    19800 26 Mile Rd Ray, MI 48042

    Sponsored
    For Sale
    $2,400,000

    Prime residential land, 60 acres, master-planned.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional 60-acre residential land parcel in Macomb Township, Michigan, is available for $2,400,000 ($40,000/acre). Located at 19800 26 Mile Rd, 48042, this property boasts a prime location adjacent to an established Pulte Homes development, ensuring immediate access to existing infrastructure and a thriving community. The land is master-planned for residential use, allowing for a density of three units per acre, presenting significant development potential. Existing infrastructure includes readily available storm sewers and on-site gas lines, streamlining the development process and reducing upfront costs. This nicely configured lot offers a unique opportunity for builders and developers seeking a substantial residential project in a desirable Michigan location. The zoning permits residential development, making this a turnkey opportunity for immediate project initiation. The property's strategic location and existing infrastructure make it an attractive investment for large-scale residential development. Don't miss this chance to acquire a significant parcel of land in a rapidly growing area.

    Property Features for 19800 26 Mile Rd

    General Information

    Property type
    Land
    Lot Size
    2,613,600 SF

    HighLights

    • 60‑acre parcel available for sale.
    • Residential zoning allows for 3 units per acre.
    • Existing storm sewer infrastructure.
    • Natural gas service on‑site.
    • Adjacent to an established Pulte Homes community.
    • Offered at $2,400,000 ($40,000 per acre).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Pharmacy Department Store Kitchen & Bath HVAC Service Garden Center Discount Store Daycare Center Plumbing Service Arcade & Gaming Center Locksmith

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

    Location Insight

    • Map
    • Local Demand
    City
    Ray
    County
    Macomb
    State
    Michigan
    Longitude
    -82.929218
    Latitude
    42.7167172

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - Prime residential land, 60 acres, master-planned.
    Where is this land located?
    The property is located at 19800 26 Mile Rd Ray, MI.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: 60-acre parcel available for sale.; Residential zoning allows for 3 units per acre.; Existing storm sewer infrastructure.
    (248) 948-0106
    Request Owner's contact information
    19800 26 Mile Rd Ray, MI 48042
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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
    19800 26 Mile Rd Ray, MI 48042
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