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    and Richardson Un Lk Commerce Charter Township, MI 48382

    • Land
    • 15.68 lot acres
    For Sale
    View listing
    $5,000,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for and Richardson Un Lk

    Lot size
    15.68 lot acres
    Property type
    Land

    Description

    This exceptional 15.68-acre commercial land parcel presents a remarkable development opportunity in Commerce Charter Township, Oakland County, Michigan. Strategically located at a highly visible, lighted intersection, this property benefits from convenient access to major thoroughfares including the nearby extension of M-5 highway, providing seamless connectivity to I-696, I-96, and I-275. The B-2 Community Business zoning allows for a wide range of commercial uses, maximizing development potential. Situated less than half a mile from the planned Five and Main development, this site is poised to capitalize on the anticipated growth and increased traffic in the area. The expansive lot size offers ample space for a variety of projects, from retail centers and office buildings to restaurants and other commercial ventures. With its prime location, excellent accessibility, and flexible zoning, this property represents a compelling investment opportunity for discerning developers seeking a high-impact location in a thriving Michigan community. The address is Union Lake and Richardson, Commerce Charter Township, MI 48382. The asking price is $5,000,000.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Commerce Charter Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4463
    Latitude
    42.5779

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    Commerce Charter Township, MI 48382
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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
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