00000 Riggs Rd Belleville, MI 48111
This exceptional 0.88-acre commercial land parcel, located at 00000 Riggs Road in Belleville, Michigan (Wayne County, zip code 48111), presents a fantastic opportunity for development. The property, identified by APN 83139990041707, is privately owned and is not a short sale. It boasts convenient access to public water, gas, and electric utilities, making it ideal for immediate construction. The land is zoned for residential use, offering flexibility for various building projects. However, prospective buyers should note that Van Buren Township zoning requires a minimum building size of 2,000 square feet. Manufactured homes are not permitted. This cleared lot is ready for construction, and the seller is offering land contract terms: $8,000 down payment, 8% interest, a monthly payment of $375, and a 3-year term with a balloon payment at the end. The asking price for this prime building site is $40,000. Additional building sites in the area are also available. This property is situated at latitude 42.1808875 and longitude -83.4496013. Don't miss this chance to acquire a well-located, build-ready lot in a desirable 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
Similar Nearby for Lease
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.