Property summary
This exceptional 43.5-acre parcel in Ray, Michigan (48096), presents a prime redevelopment opportunity. Currently vacant, this Class A industrial property boasts 20,000 square feet of buildable space, zoned for industrial use, and includes approved plans for a self-storage/RV outdoor storage/truck depot facility. The property features four single-story buildings planned, with a total of 100 units, and an 8.5-foot ceiling height. All necessary approvals are in place, including zoning, architectural design plans, surveys, and environmental reports. Construction is slated to begin in July 2024. The asking price is $1,250,000, or $62.50 per square foot, and $12,500 per unit. This turnkey project offers a significant return on investment in a high-demand area. The property's location at 58500 North Ave, Ray, MI, provides excellent accessibility and visibility. This is a rare chance to acquire a fully permitted development-ready site, eliminating the lengthy and often costly permitting process. Begin construction immediately and capitalize on the burgeoning demand for storage solutions in Macomb County. The property's APN is 0536100024.
Property profile
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Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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