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    OFF-MARKET
    Land

    0000 Place Rd, Lenox, MI 48050

    22.95 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 22.95-acre commercial land parcel presents a unique investment opportunity in Lenox, Michigan. Located in Macomb County, with a zip code of 48050, this property boasts a prime location, offering convenient access to M-53 and Downtown Richmond. The land is comprised of seven individual parcels, identified by APN numbers 0618426003, 0618426004, 0618426006, 0618427002, 0618401003, 0618427001, and 0618452001, all included in the sale. The property is zoned for residential use, presenting a multitude of development possibilities. Imagine building a custom home, creating individual residential lots, or even utilizing the expansive acreage for recreational purposes. The asking price for this remarkable property is $299,900. Given its size, location, and zoning, this land offers significant potential for future growth and return on investment. Please note that the property is privately owned and is not subject to a short sale. Unauthorized entry onto the property is strictly prohibited. The coordinates for the property are 42.7859416 latitude and -82.8343902 longitude.

    Property profile
    Verified
    Property type Land
    Lot 22.95 ac (999,702 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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