1500 Labo Rd Carleton, MI 48117
- Land
- 68.59 lot acres
Current Use by Public Records
- Land
Property Details for 1500 Labo Rd
- Lot size
- 68.59 lot acres
- Property type
- Land
Description
This exceptional 68.59-acre parcel, located at 1500 E Labo Rd, Carleton, MI 48117 (APN: 01 034 012 20), presents a unique opportunity for residential development. Situated just west of the Telegraph Road/I-275 interchange, this strategically positioned land boasts convenient access to major transportation routes. Previously envisioned as an extension of the Lazy Oaks subdivision, the property is zoned R and offers significant potential for various residential projects. The raw land is serviced by readily available utilities, including a package sewer treatment plant conveniently located on the eastern portion of the property. This allows for the creation of single-family home lots mirroring the style of Lazy Oaks, or alternatively, a denser development featuring duplexes, sixplexes, or garden-style multifamily buildings. The asking price for this expansive tract is $735,000. Ownership is held by SB-Invest LP. This is an ideal investment for developers seeking a prime location with existing infrastructure and significant development potential in a thriving Michigan community. The property's size and location make it an attractive proposition for both large-scale and smaller-scale residential projects. Serious inquiries are encouraged.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Carleton
- County
- Monroe
- State
- Michigan
- Longitude
- -83.3512
- Latitude
- 42.0218
