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    1392 Williams Lk Rd White Lake charter Township, MI 48386

    Sponsored
    For Sale
    $800,000

    2.47 Acres, RM-1 Zoning, $800K

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 2.47-acre commercial and residential land parcel in White Lake Charter Township, Oakland County, Michigan (48386), presents a unique investment opportunity. Located at 1392 S Williams Lake Rd, the property boasts 386.60 feet of frontage on Williams Lake Road, situated north of Cooley Lake Road and surrounded by RM-1 zoning. A concept plan, detailing a 16-unit building (two bedrooms per unit), is available. The plan includes parking on the west side of the building, with two driveways accessing Williams Lake Road. Municipal water and sanitary sewer are readily available. The site is free of wetlands or floodplains. The property's RM-1 zoning permits various uses, including duplexes, townhomes, stacked ranches, apartments, and traditional multi-family rental units, with densities ranging from 6 to 10 units per acre depending on the chosen development plan. The Township encourages higher-density projects, making this a prime location for high-quality rental units. This location benefits from strong demographics and proximity to a new retail corridor and recently developed residential neighborhoods. An existing 1,551 square foot residence is to be demolished. The asking price is $800,000.

    Property Features for 1392 Williams Lk Rd

    General Information

    Property type
    Land
    Lot Size
    107,593 SF

    HighLights

    • 2.47‑acre commercial and residential land parcel in White Lake Charter Township, Oakland County, MI (48386).
    • RM‑1 zoning allows for multi‑family development (duplexes, townhomes, apartments).
    • 16‑unit concept plan available (two bedrooms per unit), with ample parking and two driveways.
    • Municipal water and sewer available; no wetlands or floodplains.
    • 386.60 feet of frontage on Williams Lake Road, near new retail and residential areas.
    • Existing 1,551 sq ft residence to be demolished; asking price $800,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    White Lake charter Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.441977010365
    Latitude
    42.617329200225

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - 2.47 Acres, RM-1 Zoning, $800K
    Where is this land located?
    The property is located at 1392 Williams Lk Rd White Lake charter Township, MI.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: 2.47-acre commercial and residential land parcel in White Lake Charter Township, Oakland County, MI (48386).; RM-1 zoning allows for multi-family development (duplexes, townhomes, apartments).; 16-unit concept plan available (two bedrooms per unit), with ample parking and two driveways.
    (248) 563-0739
    Request Owner's contact information
    1392 Williams Lk Rd White Lake charter Township, MI 48386
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    White Lake charter Township, MI 48386
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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
    1392 Williams Lk Rd White Lake charter Township, MI 48386
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