Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    148 Acres on Michigan Avenue Title is generated by Realmo AI

    9253 W Michigan Ave, Saline, MI 48176

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    148 acres with frontage on Michigan Ave in Saline.

    Type:Land
    Property size:
    2,700 SF
    Lot size:
    148.00 Acres
    Price / SF:
    $743/SF
    Added:
    Mar 2, 2023
    Days on Market:
    1188
    Last Refresh:
    May 12 at 9:06 pm

    Property Features for 9253 W Michigan Ave

    General Information

    Standard status
    Active
    Size
    2,700 SF
    Lot size
    148.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Eric Rudland

    Listing agent Eric Rudland License #MI 6501438609

    Listing office Wickfield Properties

    Listing date Mar 2, 2023

    Source Crexi

    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 Wickfield Properties

    HighLights

    • Over 148 acres of land with woods, open fields, farmland, and a stream.
    • Approximately 880 feet of frontage on Michigan Ave with high traffic count.
    • Includes a farmhouse with over 2,700 SF, a pole barn, and a large outbuilding.
    • Great central location with easy access to US‑23 & M‑52.
    • Potential for single‑family residential or commercial use (subject to municipality approval).
    • Main parcel is 92.52 acres.

    Overview

    This offering comprises four parcels totaling over 148 acres, featuring approximately 880 feet of frontage on Michigan Avenue in Saline Township. The location provides convenient access to US-23 and M-52. Michigan Avenue, a thoroughfare between Detroit and Chicago, experiences a daily traffic count of 10,750 vehicles. Zoned for agriculture, the property presents possibilities for single-family residential or potential commercial use, subject to municipal approval. The primary parcel, spanning 92.52 acres, includes a farmhouse exceeding 2,700 square feet, a pole barn, and a large outbuilding. The properties feature a mix of wooded areas, open fields, farmland, and a stream.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Building Supply Auto Repair Shop Bar & Pub Storage Facility Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Saline
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.8201687
    Latitude
    42.1443033

    Nearby Similar for Sale

    • $250,000

      Saline Commercial Development Opportunity

      Vacant commercial land for development in Saline, Michigan.
      7608 E Michigan Avenue, Saline, MI 48176
      View Details
    • $425,000

      Saline Multi-Family Home with Apartment

      Versatile Saline property with main house and separate apartment.
      385 Hollywood Drive, Saline, MI 48176
      View Details
    • $250,000

      Saline, MI Commercial Land

      Commercial land available in Saline, Michigan.
      7608 E Michigan Avenue, Saline, MI 48176
      View Details
    • $409,000

      35 Acres Wooded Land, Saline

      35 acres of wooded land, ideal building site.
      Macon Road, Saline, MI 48176
      View Details
    • $285,000
      1,000 SF

      Established Salon with Room to Grow

      Established salon with space for expansion in Saline, Michigan.
      123 Keveling Drive, Saline, MI 48176
      View Details
    • $1,565,000
      11,168 SF

      Saline Shopping Center For Sale

      Multi-tenant shopping center with Michigan Avenue frontage in Saline, MI.
      901 W Michigan Ave, Saline, MI 48176
      View Details
    • $1,170,000
      9,750 SF

      Industrial Flex Building For Sale

      Industrial flex building suitable for manufacturing, warehousing, and R&D.
      Saline, MI 48176
      View Details
    • $289,900

      7-Acre Mini Farm in Saline

      7-acre mini farm with barns and Quonset building near Saline.
      6300 Dell Road, Saline, MI 48176
      View Details
    • $225,000

      Saline Industrial Park Land

      4.8 acre wooded land parcel in Saline, Michigan.
      1327 S Industrial Drive, Saline, MI 48176
      View Details
    • $1,000,500
      4,594 SF

      Downtown Saline Mixed-Use Property

      Updated mixed-use property in downtown Saline featuring retail and residential.
      100 S Ann Arbor Street, Saline, MI 48176
      View Details
    • $250,000

      Saline Commercial Land For Sale

      0.48-acre commercial land parcel in Saline, Michigan.
      7608 E Michigan Avenue, Saline, MI 48176
      View Details
    • $750,000

      Saline Daycare & Preschool Opportunity

      Daycare and preschool real estate with assets for sale.
      120 W Willis Rd, Saline, MI 48176
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 148 acres with frontage on Michigan Ave in Saline.
    Where is this agricultural land / farmland located?
    The property is located at 9253 W Michigan Ave Saline, MI.
    What is the asking price?
    The asking price for this property is $2,007,180.
    What are key features of this property?
    This property features: Over 148 acres of land with woods, open fields, farmland, and a stream.; Approximately 880 feet of frontage on Michigan Ave with high traffic count.; Includes a farmhouse with over 2,700 SF, a pole barn, and a large outbuilding.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Eric Rudland
    Real Estate License ID: MI 6501438609
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    9253 W Michigan Ave, Saline, MI 48176
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!