0000 Place Rd, Lenox, MI 48050
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.