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    60999 Grand Riv Ave Lyon Charter Township, MI 48165

    Sponsored
    For Sale
    $1,000,000

    Five acres, B-2 zoned, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5-acre commercial land parcel presents a unique investment opportunity in Lyon Charter Township, Michigan. Located at 60999 Grand River Ave, 48165, this property boasts a prime location with excellent freeway visibility, situated right off the Kent Lake Road exit of I-96. The parcel is zoned B-2 Commercial, offering a wide array of potential uses. The asking price is $1,000,000, translating to $200,000 per acre. The property's APN is 21-05-176-016. This expansive lot provides significant development potential for various commercial ventures. Furthermore, the property offers the flexibility of being subdivided into two 2.5-acre parcels, each priced at $600,000. This presents an attractive option for investors seeking smaller-scale projects. Given its strategic location, zoning flexibility, and potential for subdivision, this property represents a compelling investment opportunity in a thriving commercial area. Don't miss this chance to acquire a highly visible and versatile commercial land parcel in a desirable Michigan location.

    Property Features for 60999 Grand Riv Ave

    General Information

    Property type
    Land
    Lot Size
    217,800 SF

    HighLights

    • Commercially zoned 5‑acre parcel in Lyon Charter Township, MI.
    • B‑2 zoning allows for diverse commercial uses.
    • Excellent freeway visibility from I‑96, Kent Lake Road exit.
    • Located at 60999 Grand River Ave, 48165; APN 21‑05‑176‑016.
    • Divisible into two 2.5‑acre parcels, each priced at $600,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    bp Gas Station Kensington BP Convenience Store ATM Atm Cash2Bitcoin Bitcoin ATM Atm

    Suggested Use

    Realty agency Spa & Massage Dental Office Gym & Fitness Pharmacy Skin Care Clinic Daycare Center Kitchen & Bath Food Market Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lyon Charter Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.6523015
    Latitude
    42.5163088

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    FAQs

    What type of property is this?
    Land - Five acres, B-2 zoned, high visibility.
    Where is this land located?
    The property is located at 60999 Grand Riv Ave Lyon Charter Township, MI.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: Commercially zoned 5-acre parcel in Lyon Charter Township, MI.; B-2 zoning allows for diverse commercial uses.; Excellent freeway visibility from I-96, Kent Lake Road exit.
    (248) 476-3700
    Request Owner's contact information
    60999 Grand Riv Ave Lyon Charter Township, MI 48165
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    Lyon Charter Township, MI 48165
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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
    60999 Grand Riv Ave Lyon Charter Township, MI 48165
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