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    OFF-MARKET
    Land

    850 Nw -, Comstock Park, MI 49321

    5.74 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 5.74 ac (250,034 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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