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    OFF-MARKET
    Land

    31 Mile Rd & Mound Rd, Washington, MI 48095

    13 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 13 ac (566,280 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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