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