0 Of Pontiac Trl, Walled Lake, MI 48390
This exceptional 1.12-acre vacant land parcel presents a unique investment opportunity in the desirable Walled Lake, Michigan area. Located between East Walled Lake Drive and East Northport, just west of Hillcroft Drive in downtown Walled Lake, this property boasts RM-1 Multi-Family Residential zoning, allowing for the development of single-family or multi-family dwellings. The lot's prime location offers convenient access to local amenities and attractions. With a price of $359,000, this translates to approximately $320,535 per acre, reflecting the high demand for land in this sought-after area. The property's APN is 1734428011. A recorded easement to Walled Lake for the Hill Croft Subdivision provides additional value and potential for future development. This is an ideal site for builders or investors seeking to capitalize on the strong residential market in Oakland County. The property's address is East Walled Lake Drive, east of Pontiac Trail, Walled Lake, MI 48390. Its coordinates are latitude 42.5315845 and longitude -83.4835716. Don't miss this chance to acquire a prime piece of land in a thriving 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.