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    I-96 And Pleasant Vly Brighton, MI 48116

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    For Sale
    Contact for pricing

    20+ Acres, Multi-Family Zoning, I-96 Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial land offering presents a significant development opportunity in Brighton, Michigan. The property encompasses a total of approximately 20.53 acres situated at the southwest quadrant of I-96 and Pleasant Valley Road. The land is zoned RM-1, permitting residential multi-family development, making it ideal for apartment complexes or senior living facilities. This prime location offers unparalleled access to I-96, ensuring convenient connectivity for residents and businesses. The site consists of three parcels: 12-34-300-003 (approximately 9.08 acres), 12-34-300-001 (approximately 8.77 acres), and 12-34-300-002 (approximately 2.68 acres). Parcel 3 has had existing structures demolished, simplifying the development process. All necessary utilities are readily available, streamlining construction and reducing development costs. The property's size and zoning regulations provide ample flexibility for a variety of multi-family projects, catering to a growing demand for housing in the Brighton area. This is a rare opportunity to acquire a substantial parcel of land in a highly desirable location with excellent infrastructure and access to major transportation routes. The property's strategic location and zoning make it an attractive investment for developers seeking to capitalize on the robust housing market in Livingston County. Detailed parcel information and surveys are available upon request. The zip code is 48116.

    Property Features for I-96 And Pleasant Vly

    General Information

    Property type
    Multifamily properties
    Lot Size
    116,741 SF

    HighLights

    • 20.53‑acre commercial land parcel in Brighton, MI, ideal for multi‑family development.
    • Parcel IDs: 12‑34‑300‑003 (9.08 acres), 12‑34‑300‑001 (8.77 acres), 12‑34‑300‑002 (2.68 acres).
    • RM‑1 zoning allows multi‑family residential uses.
    • Excellent I‑96 and Pleasant Valley Road access; utilities available.
    Property Profile Location Intelligence

    Current Use by Public Records

    High-rise multifamily apartments

    Map

    City
    Brighton
    County
    Livingston
    State
    Michigan
    Longitude
    -83.7121111
    Latitude
    42.5476412

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    FAQs

    What type of property is this?
    Multifamily property - 20+ Acres, Multi-Family Zoning, I-96 Access
    Where is this multifamily property located?
    The property is located at I-96 And Pleasant Vly Brighton, MI.
    What are key features of this property?
    This property features: 20.53-acre commercial land parcel in Brighton, MI, ideal for multi-family development.; Parcel IDs: 12-34-300-003 (9.08 acres), 12-34-300-001 (8.77 acres), 12-34-300-002 (2.68 acres).; RM-1 zoning allows multi-family residential uses.
    Request Owner's contact information
    I-96 And Pleasant Vly Brighton, MI 48116
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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
    I-96 And Pleasant Vly Brighton, MI 48116
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