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    & Newton Neq Oakley Park Commerce Charter Township, MI 48390

    Sponsored
    For Sale
    $900,000

    2.49 Acres, High Visibility, R1-B Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 2.49-acre commercial land parcel presents a compelling investment opportunity in the thriving Commerce Township, Michigan. Located at the northeast corner of Oakley Park and Newton Road, this property boasts excellent visibility and convenient access, making it ideal for a variety of commercial ventures. Currently zoned R1-B, the site offers potential for rezoning to accommodate a wider range of commercial uses, subject to township approvals. The expansive lot size provides ample space for development, while the strategic location ensures high traffic exposure. The property's address is NEQ Oakley Park & Newton, Commerce Township, MI 48390, with an APN of 17-14-400-013. The asking price is $900,000. While the total acreage is 2.49 acres, the net usable land is approximately 1.77 acres. Historical property tax records indicate annual taxes of $1,816 in 2012. This property represents a rare chance to acquire a significant land holding in a prime commercial location with substantial development potential. Serious inquiries are encouraged to explore the possibilities this site offers.

    Property Features for & Newton Neq Oakley Park

    General Information

    Property type
    Land
    Lot Size
    108,464 SF

    HighLights

    • 2.49‑acre commercial land parcel (1.77 acres net usable) in Commerce Township, MI.
    • 2012 property taxes: $1,816.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Commerce Charter Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4696307
    Latitude
    42.5698469

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    FAQs

    What type of property is this?
    Land - 2.49 Acres, High Visibility, R1-B Zoning
    Where is this land located?
    The property is located at & Newton Neq Oakley Park Commerce Charter Township, MI.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: 2.49-acre commercial land parcel (1.77 acres net usable) in Commerce Township, MI.; 2012 property taxes: $1,816.;
    Request Owner's contact information
    & Newton Neq Oakley Park Commerce Charter Township, MI 48390
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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
    & Newton Neq Oakley Park Commerce Charter Township, MI 48390
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