Property profile

27 27 Mile Rd New Haven, MI 48048

OFF-MARKET
Land
84 ac lot
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Property summary

AI-generated overview

This exceptional 84-acre parcel located on 27 Mile Road in Lenox, Macomb County, Michigan (zip code 48048), presents a significant development opportunity. Zoned RL & RH, the property boasts a pre-existing consent judgement for 215 residential lots, streamlining the approval process. The expansive land offers significant potential for residential development, catering to a growing community. Situated in New Haven, Michigan, this location provides convenient access to essential amenities and infrastructure. Key utilities are readily available, with water on-site and sewer access off Gratiot. The property's substantial size and strategic zoning make it an attractive investment for developers seeking to capitalize on the high demand for residential properties in this thriving area. The latitude and longitude coordinates are 42.7336097, -82.8318776, respectively. The asking price for this remarkable opportunity is $1,590,000. This is a rare chance to acquire a large, well-situated parcel with significant development potential. Serious inquiries only.

Property profile

Verified
Property type Land
Lot 84 ac (3,659,040 SF)

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Park Tourist Attraction

Location

27 27 Mile Rd New Haven, MI 48048
New Haven 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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