31 Mile Rd & Mound Rd, Washington, MI 48095
Exceptional 13-acre commercial land parcel located at the intersection of 31 Mile Rd and Mound Rd in Washington, Michigan (Macomb County, zip code 48095). This property is priced at $699,000, translating to $53.77 per acre. A preliminary site plan has already been approved, dividing the land into four separate lots, making it ideal for various commercial ventures. The site boasts readily available utilities including water, gas, and electricity. While septic systems are required, the existing infrastructure significantly reduces development hurdles. The property is situated within the Romeo Community School District, offering a desirable location for businesses seeking a strong community presence. This prime location presents a unique opportunity for developers and investors seeking a substantial land holding with significant potential for future growth and development. The coordinates are 42.78504687442487 latitude and -83.07589576103757 longitude. Detailed information and site plans are available upon request.
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.
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.