9343 5 Mile Rd Northville, MI 48168
This exceptional 160.5-acre property in Northville, Michigan, presents a unique investment opportunity. Located in Washtenaw County, at 9343 Five Mile Rd, zip code 48168, this expansive land parcel boasts a diverse range of features. Currently zoned for both residential and agricultural use, it offers considerable flexibility for future development. The property includes a substantial amount of wooded land, two ponds, and is known for excellent hunting. Situated approximately 1.5 miles from a newly paved road, accessibility is relatively convenient. Existing structures, including a house and barn, are present on the property and could be developed further, subject to minimum 2-acre lot requirements for homesites. The sheer size of the land, over 7 million square feet, makes it an attractive proposition for long-term investment. The property's inherent value lies primarily in its land itself, with potential for future development. Preliminary assessments suggest the possibility of sand and gravel deposits on the site. A roughly 3-acre kettle pond is centrally located within the parcel. This is a rare opportunity to acquire a significant landholding in a desirable Michigan location. The property is privately owned and is being offered at $3,399,900.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.