59700 North Ave, Ray, MI 48096
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.
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
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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.