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    8983 Pontiac Lk Rd White Lake charter Township, MI 48386

    Sponsored
    For Sale
    $199,999

    11 Acres, $199,999, Flexible Terms

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 11.07-acre parcel, located at 8983 Pontiac Lake Road in White Lake Charter Township, Oakland County, Michigan (48386), presents a remarkable development opportunity. Zoned RM-1, this property offers significant potential for various uses, including multi-family residential, single-family residential, or commercial development. Its convenient location on Pontiac Lake Road, with easy access to Highland Road (M-59), ensures high visibility and accessibility. The seller is motivated and open to exploring land contract options, making this an attractive investment for developers seeking flexibility. Utilities and sewer services are readily available at the street, simplifying infrastructure connections and reducing development costs. The property's APN is 12-13-302-006. This expansive lot provides ample space for a variety of projects, catering to diverse development plans. The asking price is $199,999. Serious inquiries are encouraged. This is a rare chance to acquire a substantial land holding in a desirable Michigan location. Don't miss this opportunity to build your vision.

    Property Features for 8983 Pontiac Lk Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    482,209 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel

    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
    -83.462797
    Latitude
    42.663419

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Multifamily property - 11 Acres, $199,999, Flexible Terms
    Where is this multifamily property located?
    The property is located at 8983 Pontiac Lk Rd White Lake charter Township, MI.
    What is the asking price?
    The asking price for this property is $199,999.
    Request Owner's contact information
    8983 Pontiac Lk Rd 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
    8983 Pontiac Lk Rd White Lake charter Township, MI 48386
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