Entity Owned Property summary
The property consists of an undeveloped corner lot in downtown Brighton, Michigan at the intersection of St. Paul Street and West Street, within the downtown business district. It provides frontage and direct access to Main Street and is positioned for views toward Millpond Park and The Amp. The site is described as T2N, R6E, SEC 30 NOBLE'S PLAT, with the legal description indicating N 42 ft of W 66 ft of Lot 31 D.D.A. DBD CORR 7-26-06. The parcel totals 0.12 acres (approximately 689 square feet) and is accompanied by a second lot that is designed to be held together with the parcel. The site is suitable for redevelopment and can accommodate a planned building of approximately 16,000 square feet supporting Class 'A' retail, office, and luxury residential uses. A small existing structure of approximately 700 square feet is present on site.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store
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(Bike/Boat/Book/etc) Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The purposes of the Downtown Business district is to encourage and direct a form of development, within the boundaries of the DBD, that will achieve the physical qualities necessary to maintain and enhance the economic v…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2021Property description
Physical attributes from public recordsZoning & alternative use
DBD · Brighton, MIThe purposes of the Downtown Business district is to encourage and direct a form of development, within the boundaries of the DBD, that will achieve the physical qualities necessary to maintain and enhance the economic v…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The purposes of the Downtown Business district is to encourage and direct a form of development, within the boundaries of the DBD, that will achieve the physical qualities necessary to maintain and enhance the economic v…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for DBD in Brighton, MI.
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