Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    36865 26 Mile Rd Lenox, MI 48048

    For Sale
    $1,700,000

    High-traffic 1.7-acre commercial land parcel.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 1.7-acre commercial land parcel presents a remarkable redevelopment opportunity in the thriving Lenox Township, Michigan. Strategically located at 36865 26 Mile Rd, Lenox, MI 48048, this property boasts unparalleled visibility and accessibility. The site enjoys immediate proximity to I-94 freeway, ensuring high traffic volume exceeding 20,000 vehicles per day. This prime location is further enhanced by its presence within a robust commercial corridor, anchored by established businesses including Meijer, Dollar General, 7-Eleven, Taco Bell, Wendy's, Subway, Tim Hortons, T-Mobile, and Physician HealthCare Network. Recent significant developments in the immediate area, totaling over 350,000 square feet, underscore the area's strong growth trajectory and potential for future development. This presents a unique opportunity for investors seeking a build-to-suit project, a ground lease, or a traditional lease arrangement. The asking price for this exceptional property is $1,700,000. Don't miss this chance to capitalize on the exceptional potential of this high-traffic, well-located commercial land in a rapidly developing area. Contact us today to explore the possibilities.

    Property Features for 36865 26 Mile Rd

    General Information

    Property type
    Land
    Lot Size
    74,052 SF

    HighLights

    • Redevelopment opportunity in Lenox Township, MI.
    • Lease, ground lease, or build‑to‑suit options available.
    • Over 350,000 SF of recent development nearby, including Meijer and other national retailers.
    • High traffic location on 26 Mile Road (20,000+ VPD) with I‑94 freeway access.
    • 1.7‑acre parcel listed at $1,700,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lenox
    County
    Macomb
    State
    Michigan
    Longitude
    -82.7411201
    Latitude
    42.7224959

    Nearby Comparable

    • $2,900,000
      15,200 SF

      Macomb County Industrial Property

      15,200 SF Manufacturing/Medical Office
      37230 26 Mile Rd, New Baltimore, MI 48047
      View Details
    • Contact for pricing
      27.47 Acres

      Chesterfield Commercial Land Opportunity

      27 Acres, Prime Macomb County Location
      0 26 Mile Rd, New Baltimore, MI 48047
      View Details
    • $2,250,000
      1,323 SF

      Chesterfield Industrial Land Opportunity

      15 Acres, Prime Corner Location, High Value
      6018 County Line Rd, Chesterfield, MI 48047
      View Details
    • $2,400,000
      15.41 Acres

      Corner Land in Chesterfield, MI

      15.41 acre corner lot zoned for commercial and industrial use.
      6018 County Line Rd, Chesterfield, MI 48047
      View Details
    • $299,000
      15.00 Acres

      15-Acre Residential Development Site

      Prime Michigan Land - Build Your Dream!
      0 Hobarth Rd, New Baltimore, MI 48047
      View Details

    Nearby Similar for Sale

    • $900,000

      Storage Facility Expansion Opportunity

      Operating storage facility with expansion potential on Gratiot Avenue.
      65600 Gratiot Ave, Lenox, MI
      View Details

    FAQs

    What type of property is this?
    Land - High-traffic 1.7-acre commercial land parcel.
    Where is this land located?
    The property is located at 36865 26 Mile Rd Lenox, MI.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: Redevelopment opportunity in Lenox Township, MI.; Lease, ground lease, or build-to-suit options available.; Over 350,000 SF of recent development nearby, including Meijer and other national retailers.
    Request Owner's contact information
    36865 26 Mile Rd Lenox, MI 48048
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    36865 26 Mile Rd
    Lenox, MI 48048
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    36865 26 Mile Rd Lenox, MI 48048
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.