Property profile

0000 Riggs Rd Belleville, MI 48111

OFF-MARKET
Land
0.88 ac lot
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Property summary

AI-generated overview

This exceptional 0.88-acre commercial lot in Van Buren Charter Township, Michigan, presents a unique opportunity for development. Located at 0000 Riggs Road, Belleville, MI 48111 (APN: 83139990041706), this property boasts convenient access to public water, gas, and electric services, eliminating the complexities of utility hookups. The land is zoned for residential use, offering flexibility for various commercial projects. However, prospective buyers should note that Van Buren Township zoning requires a minimum building size of 2,000 square feet, and manufactured homes are not permitted. The property is privately owned and is not a short sale. This is a fantastic opportunity for those seeking a clear, build-ready site. The asking price is $40,000, and attractive land contract terms are available: $8,000 down payment, 8% interest, a $375 monthly payment, and a 3-year term with a balloon payment at the end. Additional building sites in the area are also available. Don't miss this chance to secure your ideal commercial building location.

Property profile

Verified
Property type Land
Lot 0.88 ac (38,333 SF)

Cap rate & NOI

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

Location

0000 Riggs Rd 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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