10000 5 Mile Rd Northville, MI 48168
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.