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    Land

    6431 Whitmore Lake Rd, Whitmore Lake, MI 48189

    11.75 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 11.75-acre industrial property in Whitmore Lake, Michigan, presents a unique investment opportunity. Located at 6431 Whitmore Lake Road, the land boasts convenient access to US-23, offering excellent transportation links. The property is zoned for industrial use, with the possibility of overlay zoning, expanding development potential. Sanitary sewer service is available on-site. The property includes existing structures that could be repurposed or renovated, adding significant value. These structures comprise a 7,000 sq ft riding stable, a 1,900 sq ft house, and two additional outbuildings totaling approximately 2,000 sq ft. The asking price for the entire 11.75-acre parcel is $1,400,000. However, the owner is open to selling smaller parcels at a price of $150,000 per acre, providing flexibility for various investment strategies. The property's APN is 02-29-200-010, 02-29-200-009, and is situated in Washtenaw County, Michigan, zip code 48189. This prime location and versatile existing buildings make this an attractive proposition for developers, investors, and businesses seeking a strategic foothold in a rapidly growing area. The property offers significant potential for a wide range of industrial uses, making it a compelling investment opportunity.

    Property profile
    Verified
    Property type Land
    Lot 11.75 ac (511,830 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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