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Property profile & analytics
OFF-MARKET
Land

Charter Township of Newport Rd Charter Township of Berlin, MI 48166

13.11 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 13.11-acre parcel of agricultural land, located on Newport Road in the Charter Township of Berlin, Monroe County, Michigan (48166), presents a unique investment opportunity. Currently zoned PD, the property boasts a pre-approved site plan for the construction of 88 residential units, many of which enjoy desirable golf course frontage. The land is conveniently situated near major transportation arteries, providing easy access to I-75 and I-275 expressways. Utilities are readily available in the immediate vicinity, with water and sewer lines already in place. The property's APN is 03-032-006-10. This development-ready site offers significant potential for substantial returns, given its prime location, approved site plan, and access to essential infrastructure. The asking price for this exceptional property is $550,000, translating to approximately $41,952.71 per acre. This represents a compelling opportunity to acquire a high-value parcel in a rapidly developing area. Don't miss this chance to capitalize on this exceptional investment prospect.

Property profile
Verified
Property type Land
Lot 13.11 ac (571,072 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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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