0 Jefferson Ave & Rosso Hwy Harrison Township, MI 48047
Exceptional development opportunity awaits with this offering of two 100' x 200' residential lots totaling 40,000 square feet on Jefferson Avenue in Chesterfield Township, Michigan (48047). Located directly across from Lake St. Clair, these lots boast stunning second-story views of the lake and are situated conveniently across the street from a canal and marina. The property is zoned RB1, allowing for the potential to build four units on each of the two larger lots. This presents a unique chance to create a multi-unit residential development in a highly desirable location. All necessary utilities are readily available on-site, including water, sewer, and storm drainage. Enjoy easy access to a nearby boat launch and the benefits of the L'Anse Creuse school district. The asking price is $139,000, translating to a land value of $3.01 per square foot. This prime waterfront property offers an unparalleled investment opportunity with significant potential for future growth and return. Don't miss this chance to acquire this exceptional piece of land in a sought-after Michigan community.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.