Property profile

0000 Place Rd Lenox, MI 48050

OFF-MARKET
Land
22.95 ac lot
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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

Location

0000 Place Rd Lenox, MI 48050
Lenox metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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