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    Land

    M-59 Highland Rd, White Lake charter Township, MI 48386

    6.2 ac lot
    Property ID
    Property summary
    AI-generated overview

    This 6.2-acre commercial land parcel, located on the highly trafficked Highland Road (M-59) in White Lake Charter Township, Oakland County, Michigan (zip code 48386), presents a unique investment opportunity. Currently zoned residential, this property boasts over 500 feet of frontage on the five-lane highway, offering exceptional visibility and accessibility. While the existing zoning is residential, the surrounding area is predominantly commercial, with a McDonald's restaurant located just three lots to the east. The property's L-shape configuration extends to Hilltop Road at the rear. Approximately 2.2 acres are buildable, while the remaining land is elevated, sandy high ground, reaching approximately 35 feet in height. Adjacent properties exhibit similar elevated terrain, with one reaching 65 feet. A survey exists for a potential parcel split, creating a residential lot on Hilltop Road, though the application remains unfiled. Note that a water assessment of approximately $9,000 remains outstanding (original assessment: $19,327.93, August 18, 2017), paid annually alongside the approximate $4,000 annual property taxes. This property's prime location and potential for commercial development make it an attractive investment. The coordinates are 42.6489461 latitude and -83.4750241 longitude.

    Property profile
    Verified
    Property type Land
    Lot 6.2 ac (270,072 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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