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    Lapeer Rd Auburn Hills, MI 48326

    Sponsored
    For Sale
    $3,815,160

    14.72 Acres, High-Traffic Location, B-2 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 14.72-acre commercial land parcel presents a significant investment opportunity in Auburn Hills, Michigan. Located on Lapeer Road (M-24), the property boasts 1,185 feet of prime frontage, ensuring high visibility and accessibility. The parcel is zoned B-2, allowing for a wide range of commercial development possibilities. The asking price is $3,815,160, translating to $259,182 per acre. The property's Assessed Parcel Number (APN) is 14-02-100-019. While a deed restriction on fast-food establishments existed until August 2021, this restriction has now expired, opening up further development options. This strategic location in Oakland County, with its easy access to major thoroughfares, makes this land ideal for a variety of commercial ventures. The property's size and prominent road frontage offer unparalleled potential for significant return on investment. Serious inquiries are encouraged to explore the full potential of this exceptional commercial land offering. The address is Lapeer Rd, Auburn Hills, MI 48326.

    Property Features for 0 Lapeer Rd

    General Information

    Property type
    Land
    Lot Size
    641,203 SF

    HighLights

    • 14.72‑acre parcel.
    • High‑visibility commercial lot with 1,185 feet of frontage on M‑24 (Lapeer Road).
    • B‑2 zoning.
    • Fast‑food restriction expired August 2021.
    • $3,815,160 asking price ($259,182 per acre).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Auburn Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2420215
    Latitude
    42.6935198

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    FAQs

    What type of property is this?
    Land - 14.72 Acres, High-Traffic Location, B-2 Zoning
    Where is this land located?
    The property is located at Lapeer Rd Auburn Hills, MI.
    What is the asking price?
    The asking price for this property is $3,815,160.
    What are key features of this property?
    This property features: 14.72-acre parcel.; High-visibility commercial lot with 1,185 feet of frontage on M-24 (Lapeer Road).; B-2 zoning.
    (248) 948-0103
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    Lapeer Rd Auburn Hills, MI 48326
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    Auburn Hills, MI 48326
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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
    Lapeer Rd Auburn Hills, MI 48326
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