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    5803 Cooley Lk Rd Waterford Township, MI 48327

    Sponsored
    For Sale
    $200,000

    0.57-Acre Corner Lot, Buildable

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 0.57-acre residential land parcel presents a prime development opportunity in Waterford Township, Michigan. Located at the southwest corner of Cooley Lake and Hiller Roads, this property boasts a highly visible location directly across from a busy Mobil gas station, ensuring significant exposure. The convenient location offers easy access to a substantial population base, with over 146,000 people residing within a 5-mile radius. The property's zoning designation, R-1E, permits the construction of single-family attached residential units. However, permitted uses extend beyond residential, encompassing adult day care, child day care, and religious facilities, among others, making it a versatile investment. The parcel's size and strategic location make it ideal for various development projects, catering to a wide range of potential uses. The property is identified by APN 13-33-352-006 and is offered at an asking price of $200,000. This is a rare opportunity to acquire a highly desirable corner lot in a thriving community with significant development potential. The address is 5803 Cooley Lake Road, Waterford Twp, MI 48327. Don't miss this chance to secure this valuable asset.

    Property Features for 5803 Cooley Lk Rd

    General Information

    Property type
    Land
    Lot Size
    24,829 SF

    HighLights

    • High‑visibility corner lot.
    • Excellent location opposite a Mobil gas station.
    • Strong demographics: over 146,000 residents within a 5‑mile radius.
    • Versatile zoning allows for single‑family homes, daycare centers (adult and child), religious institutions, and other uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Auto Repair Shop Gym & Fitness Skin Care Clinic Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterford Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3992899
    Latitude
    42.621664

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    FAQs

    What type of property is this?
    Land - 0.57-Acre Corner Lot, Buildable
    Where is this land located?
    The property is located at 5803 Cooley Lk Rd Waterford Township, MI.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: High-visibility corner lot.; Excellent location opposite a Mobil gas station.; Strong demographics: over 146,000 residents within a 5-mile radius.
    (248) 851-8900
    Request Owner's contact information
    5803 Cooley Lk Rd Waterford Township, MI 48327
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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
    5803 Cooley Lk Rd Waterford Township, MI 48327
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