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    Willoughby & Cedar Park Dr Holt, MI 48842

    Sponsored
    For Sale
    $625,000

    17.39 Acres, RM Zoning, High Density Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 17.39-acre parcel presents a remarkable opportunity for high-density residential development in Holt, Michigan. Located at the intersection of Willoughby and Cedar Park Drive, this commercially zoned property (RM - Residential Multifamily) offers significant potential for apartment or condo construction. The zoning allows for 6-12 units per acre, with the possibility of higher density with special approval. The property's strategic location provides excellent access to major roadways and is conveniently situated near a thriving trade area with grocery stores, shopping centers, and other amenities. Two bodies of water on the property add a unique waterfront element to this development opportunity. City water and sewer services are readily available, simplifying infrastructure needs. The asking price is $625,000, translating to approximately $35,940.20 per acre. The property's APN is 25-05-15-126-016. This is a prime location for a master-planned residential community, offering investors a chance to capitalize on the growing demand for housing in the area. Detailed zoning information and development guidelines are available upon request. Don't miss this chance to acquire a substantial land parcel with exceptional development potential in a desirable Michigan location.

    Property Features for 0 Willoughby & Cedar Park Dr

    General Information

    Property type
    Land
    Lot Size
    757,508 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Holt
    County
    Ingham
    State
    Michigan
    Longitude
    -84.5331056
    Latitude
    42.6534001

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    FAQs

    What type of property is this?
    Land - 17.39 Acres, RM Zoning, High Density Potential
    Where is this land located?
    The property is located at Willoughby & Cedar Park Dr Holt, MI.
    What is the asking price?
    The asking price for this property is $625,000.
    (248) 476-3700
    Request Owner's contact information
    Willoughby & Cedar Park Dr Holt, MI 48842
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    Holt, MI 48842
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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
    Willoughby & Cedar Park Dr Holt, MI 48842
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