Property profile

0 Belle River Rd Riley, MI 48041

OFF-MARKET
Land
8.62 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 8.623-acre parcel in Memphis, Michigan, presents a remarkable opportunity for multifamily development. Zoned RM, this property is ideally situated near downtown Memphis and adjacent to local schools, benefiting from a thriving and expanding residential area. The land is conveniently located at 0 Belle River, Memphis, MI 48041 (APN: 04-03-02-151-007), offering immediate access to all necessary utilities at the roadside. This translates to significant cost savings and expedited construction timelines. Surrounded by recently constructed homes, this site guarantees a strong foundation for a successful multifamily condominium project. The property's size and prime location make it an attractive investment for developers seeking to capitalize on the growing demand for housing in this desirable Michigan community. All utilities are readily available at the street, eliminating significant infrastructure hurdles. This ready-to-build site offers a unique chance to create a thriving residential community in a vibrant, established neighborhood. The asking price for this exceptional development opportunity is $799,000.

Property profile

Verified
Property type Land
Lot 8.62 ac (375,618 SF)

Cap rate & NOI

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

Location

Belle River Rd Riley, MI 48041
Riley metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own Belle River Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message