850 Nw -, Comstock Park, MI 49321
This exceptional 5.74-acre commercial lot, situated at 850 Range Street NW - Lot 10 in Comstock Park, Michigan (49321), presents a unique investment opportunity within the thriving Range at Alpine development. Approved for a 124-unit, three-story age-restricted (55+) apartment complex, this site offers significant potential for high-density residential development. The property is part of a larger project encompassing 73 single-family home sites and 54 planned townhome/condo units, ensuring a vibrant and growing community. The remaining acreage is ideally suited for retail or office development, with flexibility in lot lines to accommodate diverse needs. The developer is prepared to offer build-to-suit options. The Range at Alpine benefits from its location along the heavily trafficked Alpine Avenue retail corridor, providing excellent visibility and accessibility. Municipal sewer and water services are available, and a new traffic signal will be installed at the intersection of Alpine Church and Alpine Avenue, further enhancing convenience and accessibility. This prime location, coupled with the approved development plans and infrastructure improvements, makes this a compelling investment opportunity. The asking price for this exceptional parcel is $1,500,000.
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.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.