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Property profile & analytics
OFF-MARKET
Commercial land

216 Wixom Rd Wixom, MI 48393-2163

0.54 ac lot
Entity Owned 13-yr Hold Absentee Owner Free & Clear
Property ID
US43-0018498
Property summary
AI-generated overview

This exceptional 0.536-acre commercial land parcel presents a unique investment opportunity in the heart of Wixom, Michigan. Situated on North Wixom Road, just north of Pontiac Trail, this strategically located property boasts high visibility and accessibility. The lot is zoned VCA (Village Center Area), allowing for a variety of development options, including multi-family residential, office space, medical facilities, or small retail establishments. The generous lot size offers ample space for a multi-story building. With 136 feet of frontage on Wixom Road and 158 feet on Renton/Johanna Ware Road, this property provides excellent exposure to high traffic volume. All essential utilities, including sewer and water, are conveniently located on-site, simplifying the development process. This prime location within the thriving downtown Wixom area offers significant potential for growth and return on investment. Don't miss this chance to capitalize on the continued expansion of Wixom and secure a valuable piece of commercial real estate in a highly desirable location. The asking price is $350,000. The property is located in Oakland County, Michigan, with the address 216 N Wixom Rd, Wixom, MI 48393.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.54 ac (23,522 SF)
Zoning code VCA
APN 96-17-32-351-025
UPID US43-0018498
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Greenway Investors LLC · 13 yrs held
Greenway Investors LLC
since 2012
4 recorded transactions
2012
Price N/A
2006
$100
2005
$701,225
2005
Price N/A
Zoning & alternative use
VCA · Wixom, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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