Property profile

10000 5 Mile Rd Northville, MI 48168

OFF-MARKET
Land
Property ID
US43-1201395
10 ac lot
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Property summary

AI-generated overview

This exceptional 10-acre property, located at 10000 Five Mile Road in Salem Twp, Wayne County, Michigan (zip code 48168), presents a unique investment opportunity. Currently zoned for agricultural use, this expansive parcel offers significant potential for redevelopment. The land boasts a depth of 2,350 feet and benefits from its advantageous location west of the Brae Burn Golf Course. Five Mile Road, directly in front of the property, has recently undergone improvements and is now a paved Class "A" road, enhancing accessibility and visibility. The asking price is $995,000, translating to $99,500 per acre. Given its size, location, and zoning, this property is well-suited for a variety of commercial or agricultural ventures. The property is available for viewing by appointment only. Detailed site plans and further information are available upon request. This is a rare opportunity to acquire a substantial land parcel in a desirable location with significant upside potential. Don't miss out on this chance to secure a prime piece of Michigan real estate.

Property profile

Verified
Property type Land
Lot 10 ac (435,600 SF)
UPID US43-1201395

Cap rate & NOI

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

Location

10000 5 Mile Rd Northville, MI 48168
Northville metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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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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