13320 27 Mile Rd, Washington, MI 48094
This exceptional 133.5-acre parcel, located at 13320 27 Mile Rd, Washington, MI 48094, presents a significant development opportunity. Situated on a hard corner at the intersection of 27 Mile Road and Schoenherr Road in northern Macomb County, this property boasts a highly desirable location. The land is zoned RIB, offering flexibility for a variety of uses, including mixed-use, residential, multi-family, or assisted living developments. The substantial lot size, coupled with its strategic location, makes it ideal for large-scale projects. The property's assessed parcel number (APN) is 04-35-200-003. The asking price is $6,000,000, translating to $44,943.82 per acre. This represents a compelling investment opportunity in a strong market. The area benefits from being within the highly-rated Romeo school district, adding further appeal to potential residential developments. This prime location and zoning flexibility make this property a rare find for developers seeking a substantial land holding with diverse development possibilities. Serious inquiries are encouraged. The property is located in Gratiot County, Michigan.
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
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Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.