59700 North Ave Ray, MI 48096
- Land
Current Use by Public Records
- Land
Property Details for 59700 North Ave
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional 20-acre parcel presents a unique opportunity for industrial or commercial development in Macomb County, Michigan. Located at 59700 North Ave, Ray, MI 48096, this property sits conveniently on a paved road, bordering Chesterfield Township. Priced at $700,000, this land is ready for immediate development. A significant advantage is the pre-existing well water installation, eliminating a crucial initial expense. Furthermore, comprehensive traffic and feasibility studies have already been conducted, streamlining the permitting process. Approvals for a mini self-storage facility are already in place, offering a viable development path. This offering presents a compelling standalone investment. However, for those seeking a larger footprint, an adjacent 23.5-acre parcel is available for purchase, creating a combined 43.5-acre opportunity for $1,250,000. This combined purchase is contingent upon a simultaneous sale of both parcels to a single buyer. The property's strategic location, existing infrastructure, and readily available approvals make it an attractive proposition for discerning investors and developers. Don't miss this chance to acquire a prime piece of Michigan commercial real estate.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ray
- County
- Macomb
- State
- Michigan
- Longitude
- -82.8735
- Latitude
- 42.7389
