Property profile

& Newton Neq Oakley Park Commerce Charter Township, MI 48390

OFF-MARKET
Land
2.49 ac lot
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Property summary

AI-generated overview

This exceptional 2.49-acre commercial land parcel presents a compelling investment opportunity in the thriving Commerce Township, Michigan. Located at the northeast corner of Oakley Park and Newton Road, this property boasts excellent visibility and convenient access, making it ideal for a variety of commercial ventures. Currently zoned R1-B, the site offers potential for rezoning to accommodate a wider range of commercial uses, subject to township approvals. The expansive lot size provides ample space for development, while the strategic location ensures high traffic exposure. The property's address is NEQ Oakley Park & Newton, Commerce Township, MI 48390, with an APN of 17-14-400-013. The asking price is $900,000. While the total acreage is 2.49 acres, the net usable land is approximately 1.77 acres. Historical property tax records indicate annual taxes of $1,816 in 2012. This property represents a rare chance to acquire a significant land holding in a prime commercial location with substantial development potential. Serious inquiries are encouraged to explore the possibilities this site offers.

Property profile

Verified
Property type Land
Lot 2.49 ac (108,464 SF)

Cap rate & NOI

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

Location

& Newton Neq Oakley Park Commerce Charter Township, MI 48390
Commerce Charter Township metro
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Value estimations

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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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