Property profile

Auburn Hills Lapeer Rd & Harmon Rd Auburn Hills, MI 48326

OFF-MARKET
Land
5.5 ac lot
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Property summary

AI-generated overview

Two exceptional industrial land parcels in Auburn Hills, Michigan, offer significant investment opportunities. Parcel 1 encompasses 14.72 acres with 1,185 feet of frontage on Lapeer Road (M-24), boasting B-2 zoning. While a deed restriction on fast-food establishments existed until August 2021, this parcel presents excellent commercial potential. It's priced at $3,815,160, or $259,182 per acre. Parcel 2, a 5.5-acre site, benefits from main road exposure and is one of the last remaining I-2 zoned parcels in Auburn Hills. This parcel is offered at $1,197,900, or $217,800 per acre. Both parcels, totaling 20.22 acres, can be purchased together for a combined price of $5,013,060, averaging $247,925.82 per acre. Located in Oakland County, Michigan, with the address of Lapeer Road & Harmon Road, Auburn Hills, MI 48326, this property presents a rare chance to acquire prime industrial land in a desirable location. The parcels are situated at latitude 42.7005661 and longitude -83.2424846.

Property profile

Verified
Property type Land
Lot 5.5 ac (239,580 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Auburn Hills Lapeer Rd & Harmon Rd Auburn Hills, MI 48326
Auburn Hills metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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