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    29150 12 Mile Rd Farmington Hills, MI 48334

    Sponsored
    For Sale
    $649,000

    Prime 4.55-acre lot, ideal for various uses.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 4.55-acre parcel of land is located at 29150 12 Mile Road in Farmington Hills, Michigan, 48334. Currently zoned for single-family residential use, this property presents a rare opportunity for diverse development. Its expansive size and prime location offer significant potential for a variety of uses, including schools, educational facilities, religious facilities, daycare centers, or single-family homes. The property's strategic positioning near area freeways ensures excellent accessibility and connectivity. The surrounding area boasts strong demographics, making this a highly desirable location for investment and development. The asking price for this remarkable property is $649,000. Detailed zoning information is available upon request. This is a unique opportunity to acquire a substantial land parcel in a thriving Michigan community. Don't miss out on this chance to build your vision in a prime location. The property is situated in Oakland County and offers significant potential for future growth and development.

    Property Features for 29150 12 Mile Rd

    General Information

    Property type
    Land
    Lot Size
    198,198 SF

    HighLights

    • 4.55‑acre parcel for sale at 29150 W 12 Mile Road, Farmington Hills, MI 48334.
    • Rare development opportunity.
    • Currently zoned for single‑family residential use.
    • Suitable for schools, educational facilities, religious institutions, daycare centers, or single‑family homes.
    • Prime location near major freeways.
    • Excellent demographics in the surrounding area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmington Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.333595
    Latitude
    42.4999421

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    FAQs

    What type of property is this?
    Land - Prime 4.55-acre lot, ideal for various uses.
    Where is this land located?
    The property is located at 29150 12 Mile Rd Farmington Hills, MI.
    What is the asking price?
    The asking price for this property is $649,000.
    What are key features of this property?
    This property features: 4.55-acre parcel for sale at 29150 W 12 Mile Road, Farmington Hills, MI 48334.; Rare development opportunity.; Currently zoned for single-family residential use.
    (248) 351-4367
    Request Owner's contact information
    29150 12 Mile Rd Farmington Hills, MI 48334
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    Farmington Hills, MI 48334
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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
    29150 12 Mile Rd Farmington Hills, MI 48334
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