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    11215 Michigan Ave Parma, MI 49269

    Sponsored
    For Sale
    $950,000

    Prime Development Land: I-94 Access, 95 Acres

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 95-acre parcel presents a unique opportunity for diverse development. Located in Parma, Michigan, this property boasts a highly desirable location with convenient access to Interstate 94 via a Michigan Avenue expressway exit. The land is zoned for Agricultural (AG) and Residential (RES) uses, offering flexibility for a variety of projects. The expansive lot features frontage on both Michigan Avenue and Litle Road, providing excellent visibility and accessibility. Situated approximately ten minutes west of Jackson, this property benefits from proximity to a larger population center while maintaining a desirable rural setting. The parcel's size and zoning make it suitable for a range of development options, from residential subdivisions to commercial ventures, or a combination thereof. The property's legal descriptions are 06-36-101-002-04 and 06-36-201-010-01. The asking price for this significant land holding is $950,000. This is a private ownership opportunity. Don't miss this chance to acquire a substantial tract of land with exceptional development potential in a strategic location.

    Property Features for 11215 Michigan Ave

    General Information

    Property type
    Farms
    Lot Size
    4,138,200 SF

    HighLights

    • Excellent I‑94 access.
    • High‑visibility frontage on Michigan Avenue and Little Road.
    • Convenient location near Greater Jackson.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Parma
    County
    Jackson
    State
    Michigan
    Longitude
    -84.608297775644
    Latitude
    42.261397159742

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    Nearby Similar for Sale

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      Parma, MI Multifamily Property

      Multifamily property for sale in Parma, Michigan.
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    FAQs

    What type of property is this?
    Farm - Prime Development Land: I-94 Access, 95 Acres
    Where is this farm located?
    The property is located at 11215 Michigan Ave Parma, MI.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Excellent I-94 access.; High-visibility frontage on Michigan Avenue and Little Road.; Convenient location near Greater Jackson.
    Request Owner's contact information
    11215 Michigan Ave Parma, MI 49269
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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
    11215 Michigan Ave Parma, MI 49269
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