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    FOR SALE
    Commercial land

    23 Mile Rd, New Baltimore, MI 48047

    3.03 ac lot
    Entity Owned Absentee Owner ~ Est. High Equity
    Property ID
    US43-2541783
    Property summary
    AI-generated overview

    This exceptional 7-acre property in Chesterfield Township, Michigan, presents a remarkable investment opportunity. Located on 23 Mile Road, this site boasts a highly desirable split zoning designation, encompassing both RM1 (residential) and Commercial zoning. The commercial portion, fronting 23 Mile Road, offers significant potential for various commercial or office developments, while the rear portion, zoned RM1, is ideal for residential projects such as condominiums. All utilities are conveniently located at the road, including a fire hydrant, storm sewers, and sanitary sewers (as detailed in the attached survey). Access to the rear of the property is facilitated by a stubbed road off Bower Court, enhancing development flexibility. The property's strategic location in the growing Chesterfield Township ensures strong potential for future appreciation. Given the split zoning, the property may be subdivided and sold separately, offering further investment options. The asking price for this exceptional parcel is $1,200,000. The APN is 15-09-21-201-018. This is a rare opportunity to acquire a large, versatile parcel in a prime location.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 3.03 ac (132,074 SF)
    Zoning code C3 GEN
    APN 15-09-15-300-039
    UPID US43-2541783
    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
    Mjr Properties LLC
    Mjr Properties LLC
    1 recorded transaction
    1969
    Zoning & alternative use
    C3 GEN · Chesterfield Township, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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