M-59 Highland Rd Highland Charter Township, MI 48383
This exceptional 10.12-acre property, located at the intersection of Highland Rd (M-59) and Tipsico Lake Rd in Hartland, Michigan, presents a unique investment opportunity. The land boasts a prime location with approximately 24,000-30,000 vehicles per day on the busy Highland Rd, offering significant visibility and accessibility. The property features a 600-foot frontage on M-59. The permitted zoning is NSC & CA Residential, allowing for diverse development possibilities. This parcel (APN 08-24-400-041) is currently owner-occupied. The property's strategic location offers significant potential for commercial development, given its high traffic count and visibility. Furthermore, there's an opportunity to expand the land holdings by combining this 10.12-acre parcel with three contiguous parcels (08-24-400-038, 039, 040) totaling 2.03 acres, creating a potential 12.15 acres of buildable land on M-59. The combined parcels would offer a hard corner location at the intersection of M-59 and Tipsico Lake Rd, with commercial zoning on that corner. This property is ideal for developers seeking a high-traffic location with multiple development options. The asking price for this significant land parcel is $750,000.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.