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    116 St Brighton, MI 48116

    Sponsored
    For Sale
    $700,000

    Unique Mixed-Use Land Assemblage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional offering presents a rare opportunity to acquire a 0.14-acre assemblage of three parcels in Brighton, Michigan's vibrant Downtown Business District. Located at 116 E North St, 122 E North St, and 212 N East St (zip code 48116), this property boasts a unique DDA/DDB zoning designation, allowing for a diverse range of development possibilities. The existing house on the 116 E North St parcel is of little to no value and is included in the sale price of $700,000 for all three parcels. Permitted zoning is commercial, opening doors to projects such as mixed-use developments (PUD), office spaces, retail establishments, residential units, or parking facilities. The city of Brighton has indicated a willingness to collaborate on development proposals. This combined parcel presents an unparalleled chance to capitalize on the high demand and prime location within the downtown area. The combined lot size offers significant potential for a substantial development project. Don't miss this extraordinary chance to shape the future of Brighton's downtown. This unique assemblage rarely becomes available.

    Property Features for 116 St

    General Information

    Property type
    Land
    Lot Size
    6,098 SF

    HighLights

    • 0.14‑acre assemblage of three parcels in Brighton, MI's Downtown Business District.
    • Located at 116 E North St, 122 E North St, and 212 N East St (48116), with DDA/DDB zoning.
    • $700,000 asking price includes existing house (minimal value).
    • Commercial zoning permits mixed‑use, office, retail, residential, or parking development.
    • City of Brighton is open to development collaboration.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Brighton
    County
    Livingston
    State
    Michigan
    Longitude
    -83.7791409
    Latitude
    42.5288305

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    FAQs

    What type of property is this?
    Land - Unique Mixed-Use Land Assemblage
    Where is this land located?
    The property is located at 116 St Brighton, MI.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: 0.14-acre assemblage of three parcels in Brighton, MI's Downtown Business District.; Located at 116 E North St, 122 E North St, and 212 N East St (48116), with DDA/DDB zoning.; $700,000 asking price includes existing house (minimal value).
    Request Owner's contact information
    116 St Brighton, MI 48116
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    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
    116 St Brighton, MI 48116
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