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    Spencer Rd Brighton, MI 48114

    For Sale
    $910,000

    Prime Brighton development land, R-3 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 8.26-acre commercial land parcel presents a unique investment opportunity in the thriving Brighton, Michigan market. Located on Spencer Road, this property boasts convenient access to I-96 and the main street interchange, ensuring high visibility and easy accessibility for potential businesses. The land is zoned R-3, offering a range of development possibilities. Brighton Township taxes apply. The asking price is $910,000, translating to $110,169 per acre. The property's APN is 12-29-300-025. Currently vacant, this site is ideal for a variety of commercial ventures. A master plan is currently under review, providing further potential for future development. The property's strategic location, combined with the availability of nearby sewer services, makes it an attractive option for developers seeking a prime location in a growing community. This is a rare opportunity to acquire a significant land parcel in a desirable area with excellent infrastructure and development potential. The property is situated in Livingston County, Michigan, with a zip code of 48114. Don't miss this chance to secure a piece of Brighton's vibrant commercial landscape.

    Property Features for 0 Spencer Rd

    General Information

    Property type
    Land
    Lot Size
    359,806 SF

    HighLights

    • Excellent I‑96/Main Street interchange access.
    • Brighton Township tax assessment.
    • Master plan currently under review.
    • Sewer availability nearby.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Brighton
    County
    Livingston
    State
    Michigan
    Longitude
    -83.7221364
    Latitude
    42.538678

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    FAQs

    What type of property is this?
    Land - Prime Brighton development land, R-3 zoning.
    Where is this land located?
    The property is located at Spencer Rd Brighton, MI.
    What is the asking price?
    The asking price for this property is $910,000.
    What are key features of this property?
    This property features: Excellent I-96/Main Street interchange access.; Brighton Township tax assessment.; Master plan currently under review.
    (248) 476-3700
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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
    Spencer Rd Brighton, MI 48114
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