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    24133 Napier Rd South Lyon, MI 48178

    Sponsored
    For Sale
    $750,000

    Prime 5-acre residential lot, excellent development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 5-acre parcel, located at 24133 Napier Road in Lyon Township, Michigan (zip code 48178), presents a unique investment opportunity. The property, identified by APN 21-25-201-055, is zoned PUD (Planned Unit Development), offering considerable flexibility for various development projects. The asking price is $750,000, translating to $150,000 per acre, reflecting the land's high value in this rapidly growing area. Situated in one of Michigan's fastest-growing communities, this location benefits from significant residential development activity along the Napier corridor, with numerous projects currently in various stages of approval. The PUD zoning allows for a range of uses, including senior or assisted living facilities, daycare centers, and religious institutions, along with other possibilities subject to special land use permits. This prime location and versatile zoning make this 5-acre tract an ideal investment for developers seeking a high-potential project in a thriving market. The property's latitude and longitude coordinates are 42.4627232 and -83.5542959 respectively. Serious inquiries are encouraged.

    Property Features for 24133 Napier Rd

    General Information

    Property type
    Land
    Lot Size
    217,800 SF

    HighLights

    • Exceptional 5‑acre parcel in rapidly growing Lyon Township, MI (48178).
    • PUD zoning allows for senior/assisted living, daycare, religious facilities, and other uses (special land use permits may be required).
    • High residential development activity along the Napier corridor.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Hair Salon Gym & Fitness Pharmacy Skin Care Clinic Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    South Lyon
    County
    South West Oakland
    State
    Michigan
    Longitude
    -83.5542959
    Latitude
    42.4627232

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    FAQs

    What type of property is this?
    Land - Prime 5-acre residential lot, excellent development potential.
    Where is this land located?
    The property is located at 24133 Napier Rd South Lyon, MI.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Exceptional 5-acre parcel in rapidly growing Lyon Township, MI (48178).; PUD zoning allows for senior/assisted living, daycare, religious facilities, and other uses (special land use permits may be required).; High residential development activity along the Napier corridor.
    (248) 476-3700
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    24133 Napier Rd South Lyon, MI 48178
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    South Lyon, MI 48178
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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
    24133 Napier Rd South Lyon, MI 48178
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