1650 Yule Rd Leonard, MI 48367
- Commercial real estate
- 228.46 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1650 Yule Rd
- Lot size
- 228.46 lot acres
- Property type
- Commercial real estate
- APN
- 05-25-100-018
Description
This exceptional 228.46-acre property in Addison Township, Oakland County, Michigan, presents a unique investment opportunity. Located at 1650 Yule Road, Leonard, MI 48367 (APN 05-25-100-018), this expansive land parcel is zoned for both residential and agricultural use (RES./AGR). The asking price is $8,225,000, translating to approximately $36,001 per acre. The property boasts readily available water and gas utilities, making it suitable for a variety of development projects. While the property's beauty makes it ideal for single-family development, its agricultural zoning opens up additional possibilities. Financial data from 2018 shows annual real estate taxes of $5,488, while 2020 data indicates annual taxes of $29,661. This discrepancy should be independently verified. The property's prime location in northern Oakland County offers a blend of rural tranquility and convenient access to urban amenities. This substantial landholding presents a compelling opportunity for investors seeking a large-scale development project or a significant land acquisition in a desirable Michigan location. Further due diligence is recommended to fully assess the property's potential and confirm all financial and zoning details.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Leonard
- County
- Oakland
- State
- Michigan
- Longitude
- -83.107516
- Latitude
- 42.820448
