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    800 Newport Rd Carleton, MI 48166

    Sponsored
    For Sale
    $4,000,000

    36.35 Acres, Monroe County, MI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 36.35-acre agricultural property in Carleton, Monroe County, Michigan, presents a unique investment opportunity. Located at 800 E. Newport Road, the land boasts 500 feet of frontage along Telegraph Road, offering potential for future commercial development, subject to zoning changes. Currently zoned AGRICULTURAL (APN: 07-003-032-00), the property is ideally situated directly north of Ford Motor Company's substantial new distribution center. The asking price is $4,000,000, translating to $75,000 per acre. The site is prepped for trailer parking or laydown area, with a potential monthly lease rate of $4,500 per acre for this use. Its strategic location provides easy access to major expressways, I-275 and I-75, enhancing its logistical appeal. While the current zoning is agricultural, the Telegraph Road frontage presents a compelling case for potential rezoning to accommodate commercial development. This property offers significant upside potential for investors seeking land with diverse development possibilities in a rapidly growing area. The zip code is 48166. The latitude and longitude coordinates are 42.0072516 and -83.3644847 respectively.

    Property Features for 800 Newport Rd

    General Information

    Property type
    Farms
    Lot Size
    1,583,406 SF

    HighLights

    • 36.35‑acre parcel available for sale or lease.
    • 500 feet of Telegraph Road frontage, ideal for retail development.
    • Zoned Industrial.
    • Adjacent to Ford Motor Company's new 1,000,000‑square‑foot distribution center.
    • Ready for trailer parking or laydown; $4,500/acre monthly lease available.
    • Potential for commercial zoning along Telegraph Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Building Supply Auto Repair Shop Gym & Fitness Grocery Store Food Market Convenience Store Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Carleton
    County
    Monroe
    State
    Michigan
    Longitude
    -83.3644847
    Latitude
    42.0072516

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    FAQs

    What type of property is this?
    Farm - 36.35 Acres, Monroe County, MI
    Where is this farm located?
    The property is located at 800 Newport Rd Carleton, MI.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: 36.35-acre parcel available for sale or lease.; 500 feet of Telegraph Road frontage, ideal for retail development.; Zoned Industrial.
    Request Owner's contact information
    800 Newport Rd Carleton, MI 48166
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    Carleton, MI 48166
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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
    800 Newport Rd Carleton, MI 48166
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