Property profile

0 Huron River Dr Belleville, MI 48111

OFF-MARKET
Land
94.6 ac lot
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Property summary

AI-generated overview

This exceptional 94.6-acre parcel, located on W Huron River Dr in Van Buren Charter Township, Wayne County, Michigan (48111), presents a significant development opportunity. Currently zoned residential, this property boasts a compelling price point of $3,600,000, translating to $38,054 per acre. The parcel's APN is 83-113-99-0025-703. Previous approvals existed for the construction of up to 200 single-family homes on 70-foot lots, offering a strong foundation for a residential development project. However, the expansive acreage also allows for exploration of alternative uses, including multi-family dwellings and mixed-use developments, catering to a diverse range of potential buyers and investors. The property's strategic location places it within a few miles of local elementary, middle, and high schools, enhancing its appeal for families and contributing to its overall desirability. This is a rare opportunity to acquire a substantial land holding in a desirable Michigan location with significant development potential. Serious inquiries are encouraged.

Property profile

Verified
Property type Land
Lot 94.6 ac (4,120,776 SF)

Cap rate & NOI

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

Location

Huron River Dr Belleville, MI 48111
Belleville metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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