19800 26 Mile Rd Ray, MI 48042
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.
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.