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Property profile & analytics
OFF-MARKET
Land

19800 26 Mile Rd Ray, MI 48042

60 ac lot
Property ID
Property summary
AI-generated overview

Exceptional 60-acre residential land parcel in Macomb Township, Michigan, is available for $2,400,000 ($40,000/acre). Located at 19800 26 Mile Rd, 48042, this property boasts a prime location adjacent to an established Pulte Homes development, ensuring immediate access to existing infrastructure and a thriving community. The land is master-planned for residential use, allowing for a density of three units per acre, presenting significant development potential. Existing infrastructure includes readily available storm sewers and on-site gas lines, streamlining the development process and reducing upfront costs. This nicely configured lot offers a unique opportunity for builders and developers seeking a substantial residential project in a desirable Michigan location. The zoning permits residential development, making this a turnkey opportunity for immediate project initiation. The property's strategic location and existing infrastructure make it an attractive investment for large-scale residential development. Don't miss this chance to acquire a significant parcel of land in a rapidly growing area.

Property profile
Verified
Property type Land
Lot 60 ac (2,613,600 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
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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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