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    59700 North Ave Ray, MI 48096

    Sponsored
    For Sale
    $700,000

    20 Acres, Industrial/Commercial, $700,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 20-acre parcel presents a unique opportunity for industrial or commercial development in Macomb County, Michigan. Located at 59700 North Ave, Ray, MI 48096, this property sits conveniently on a paved road, bordering Chesterfield Township. Priced at $700,000, this land is ready for immediate development. A significant advantage is the pre-existing well water installation, eliminating a crucial initial expense. Furthermore, comprehensive traffic and feasibility studies have already been conducted, streamlining the permitting process. Approvals for a mini self-storage facility are already in place, offering a viable development path. This offering presents a compelling standalone investment. However, for those seeking a larger footprint, an adjacent 23.5-acre parcel is available for purchase, creating a combined 43.5-acre opportunity for $1,250,000. This combined purchase is contingent upon a simultaneous sale of both parcels to a single buyer. The property's strategic location, existing infrastructure, and readily available approvals make it an attractive proposition for discerning investors and developers. Don't miss this chance to acquire a prime piece of Michigan commercial real estate.

    Property Features for 59700 North Ave

    General Information

    Property type
    Land

    HighLights

    • 20‑acre industrial/commercial parcel in Macomb County, MI.
    • Located at 59700 North Ave, Ray, MI 48096, on a paved road bordering Chesterfield Township.
    • Priced at $700,000, ready for immediate development with pre‑existing well water.
    • Feasibility and traffic studies completed; approvals for a mini self‑storage facility in place.
    • Adjacent 23.5‑acre parcel available for simultaneous purchase, creating a 43.5‑acre opportunity for $1,250,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Wholesale Shop Auto Repair Shop Gym & Fitness Skin Care Clinic Electrical Service Computer & Electronic Repair Bed & Breakfast Acupuncture

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

    Location Insight

    • Map
    • Local Demand
    City
    Ray
    County
    Macomb
    State
    Michigan
    Longitude
    -82.873509
    Latitude
    42.738931

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    FAQs

    What type of property is this?
    Land - 20 Acres, Industrial/Commercial, $700,000
    Where is this land located?
    The property is located at 59700 North Ave Ray, MI.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: 20-acre industrial/commercial parcel in Macomb County, MI.; Located at 59700 North Ave, Ray, MI 48096, on a paved road bordering Chesterfield Township.; Priced at $700,000, ready for immediate development with pre-existing well water.
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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
    59700 North Ave Ray, MI 48096
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