Property profile

0 Nec John Hix Rd & Cherry Hl Westland, MI 48185

OFF-MARKET
Land
5.42 ac lot
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Property summary

AI-generated overview

This exceptional 5.42-acre parcel of land is strategically located at the Northeast corner of John Hix Road and Cherry Hill Road in Westland, Michigan, Wayne County (APN: 56-051-99-0060-000). Currently zoned R5 - Single Family Residential, this property presents a compelling opportunity for various commercial ventures or additional residential development. The asking price is $395,000, translating to approximately $72,878 per acre. Its prime location offers significant advantages, including excellent freeway frontage on a major thoroughfare, ensuring high visibility and accessibility. The area boasts proximity to several new residential developments, suggesting a strong potential for growth and increased demand. The high-intensity single-family residential zoning allows for substantial density, while the potential for other commercial uses (subject to necessary approvals) broadens the investment possibilities. This property is ideal for developers seeking a well-positioned site with significant development potential in a thriving Westland community. The zip code is 48185. This is a rare opportunity to acquire a sizable parcel in a desirable location with multiple development options.

Property profile

Verified
Property type Land
Lot 5.42 ac (236,095 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Nec John Hix Rd & Cherry Hl Westland, MI 48185
Westland metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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