Property profile

0 Oakley Park Rd Commerce Charter Township, MI 48390

OFF-MARKET
Land
10.9 ac lot
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Property summary

AI-generated overview

This exceptional 10.9-acre commercial land parcel presents a unique development opportunity in the desirable Commerce Charter Township, Oakland County, Michigan. Located on Oakley Park Road in the 48390 zip code, this property boasts a prime corner lot position and is zoned R-1C, allowing for single-family residential development. The asking price is $1,480,000, translating to approximately $135,779.82 per acre. The property's location within the highly-regarded Walled Lake Consolidated School District adds significant value and appeal to potential buyers. With its substantial size and advantageous zoning, this land offers considerable potential for various residential projects. The parcel includes two APNs: 17-14-353-007 and 17-14-351-005. This is a rare opportunity to acquire a large, well-located parcel in a thriving community. The property is currently vacant, providing a clean slate for development. Serious inquiries are encouraged to explore the possibilities this exceptional land offering presents. Coordinates are 42.5701951 latitude and -83.4573034 longitude.

Property profile

Verified
Property type Land
Lot 10.9 ac (474,804 SF)

Cap rate & NOI

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

Location

Oakley Park Rd Commerce Charter Township, MI 48390
Commerce Charter Township 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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