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    Martin Pkwy Commerce Charter Township, MI 48390

    Sponsored
    For Sale
    Contact for pricing

    Prime Commercial Land, Five & Main

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.5-acre commercial land parcel presents a rare development opportunity within the thriving Five & Main lifestyle center in Commerce Charter Township, Michigan. Located in Oakland County, at the intersection of Pontiac Trail and M-5, this outlot boasts excellent visibility and accessibility. The property is zoned R1-B within the Town Center Overlay, offering flexibility for a variety of commercial uses. Infrastructure is already in place, including access roads, water, and sewer, significantly reducing development costs and timelines. The site features frontage along Martin Parkway, ensuring high traffic exposure and convenient access for customers and employees. Owned by the Commerce Township DDA, this parcel represents a unique chance to establish a presence in a dynamic and rapidly growing community. The strategic location within the Five & Main development provides immediate access to a diverse range of amenities and a strong customer base. This is an ideal opportunity for businesses seeking a high-profile location with established infrastructure and significant development potential in a desirable Michigan market. The zip code is 48390. Coordinates are 42.557421223229554 latitude and -83.44921398142317 longitude.

    Property Features for 0 Martin Pkwy

    General Information

    Property type
    Land
    Lot Size
    65,340 SF

    HighLights

    • 1.5‑acre commercial land parcel in Commerce Charter Township, MI.
    • Located within the Five and Main lifestyle center at Pontiac Trail and M‑5.
    • R1‑B zoning in the Town Center Overlay.
    • Owned by the Commerce Township DDA.
    • Utilities (water & sewer) and access roads are in place.
    • Frontage on Martin Parkway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Commerce Charter Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.449213981423
    Latitude
    42.55742122323

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, Five & Main
    Where is this land located?
    The property is located at Martin Pkwy Commerce Charter Township, MI.
    What are key features of this property?
    This property features: 1.5-acre commercial land parcel in Commerce Charter Township, MI.; Located within the Five and Main lifestyle center at Pontiac Trail and M-5.; R1-B zoning in the Town Center Overlay.
    (248) 359-9000
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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
    Martin Pkwy Commerce Charter Township, MI 48390
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