Property profile

0 Lakeville And Rochester Rd Leonard, MI 48367

OFF-MARKET
Land
32.5 ac lot
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Property summary

AI-generated overview

This exceptional 32.5-acre parcel presents a unique investment opportunity in Oakland County, Michigan. Located at the intersection of Lakeville and Rochester Roads in Addison, MI, 48367, this property boasts a prime location with a resort-like atmosphere. Its strategic zoning allows for diverse development possibilities. The land is divided into three distinct zones: a 13.5-acre Multiple Dwelling-residential (M-d) zone, a 6.5-acre C-1 Commercial zone, and a 12.5-acre residential zone. This versatile zoning provides flexibility for a range of commercial and residential projects. The property's proximity to a public boat launch and nearby restaurants and bars adds significant appeal. The asking price for this expansive land is $999,000. With its size, zoning, and desirable location, this property offers substantial potential for developers and investors seeking a high-impact project in a thriving area. The property's latitude and longitude coordinates are 42.8214054, -83.1502699 respectively. Serious inquiries are encouraged.

Property profile

Verified
Property type Land
Lot 32.5 ac (1,415,700 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Lakeville And Rochester Rd Leonard, MI 48367
Leonard metro
Google Maps

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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