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    Lotz Rd Canton, MI 48188

    Sponsored
    For Sale
    $439,250

    Prime Canton development opportunity. I-275 frontage. Below market price.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 12.55-acre industrial land parcel presents a compelling development opportunity in Canton, Michigan. Strategically located south of Michigan Avenue on the west side of Lotz Road, this property boasts convenient access to I-275. The site comprises two parcels: Parcel Item No. 71-143-99-0009-000 (approximately 8.61 acres) and Parcel Item No. 71-142-99-0013-000 (approximately 3.94 acres). The combined acreage totals approximately 12.55 acres. This land is zoned L12: Light Industrial, offering flexibility for a variety of development projects. The asking price is $439,250, representing a below-market value proposition for this prime location and significant acreage. All measurements are approximate and should be independently verified. Ownership is conveyed via deed. This property is ideal for investors and developers seeking a high-potential investment in a thriving industrial area. The property's I-275 frontage provides excellent visibility and accessibility, making it an attractive location for businesses seeking a strategic presence in the region. Don't miss this chance to acquire this exceptional industrial land parcel.

    Property Features for 0 Lotz Rd

    General Information

    Property type
    Land

    HighLights

    • 12.55‑acre industrial land parcel in Canton, MI, ideal for development.
    • Convenient I‑275 access, located south of Michigan Avenue, west of Lotz Road.
    • Zoned L12 (Light Industrial), offering development flexibility.
    • Priced at $439,250, below market value.
    • Comprises two parcels (71‑143‑99‑0009‑000 & 71‑142‑99‑0013‑000).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Canton
    County
    Wayne
    State
    Michigan
    Longitude
    -83.4369298
    Latitude
    42.2719636

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    FAQs

    What type of property is this?
    Land - Prime Canton development opportunity. I-275 frontage. Below market price.
    Where is this land located?
    The property is located at Lotz Rd Canton, MI.
    What is the asking price?
    The asking price for this property is $439,250.
    What are key features of this property?
    This property features: 12.55-acre industrial land parcel in Canton, MI, ideal for development.; Convenient I-275 access, located south of Michigan Avenue, west of Lotz Road.; Zoned L12 (Light Industrial), offering development flexibility.
    Request Owner's contact information
    Lotz Rd Canton, MI 48188
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    Canton, MI 48188
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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
    Lotz Rd Canton, MI 48188
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