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    Property profile & analytics
    OFF-MARKET
    Industrial land

    24 Mile Rd, Macomb, MI 48042

    6.3 ac lot
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US43-1952111
    Property summary
    AI-generated overview

    This exceptional 70.95-acre parcel presents a remarkable investment opportunity in Macomb County, Michigan. Located on 24 Mile Road in the desirable Macomb Township, this property boasts prime residential zoning, allowing for up to 3 units per acre, offering significant development potential. The land is ideally situated adjacent to a recently constructed subdivision, benefiting from existing infrastructure and established community amenities. Its strategic location directly across from Macomb Township's master-planned downtown district positions it for exceptional future appreciation. This rapidly growing market offers a compelling case for long-term investment and development. The property's expansive size and versatile zoning make it suitable for a variety of residential projects, from single-family homes to multi-family dwellings. With its convenient access to major roadways and proximity to thriving commercial centers, this land offers both immediate and long-term value. The asking price is $2,979,000. The property's 48042 zip code further underscores its location within a highly sought-after area of Macomb County. This is a rare opportunity to acquire a substantial land holding in a dynamic and expanding community. Detailed zoning information and development guidelines are readily available upon request. Don't miss this chance to secure a piece of Macomb County's promising future.

    Property profile
    Verified
    Property type Industrial land
    Use group INDUSTRIAL - VACANT LAND
    Lot 6.3 ac (274,428 SF)
    Zoning code AG
    APN 20-08-18-100-005
    UPID US43-1952111
    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
    Current use
    Occupant on record · Public records
    • Portable Toilet Rental Building Supply
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    CONSUMERS ENERGY COMPANY
    CONSUMERS ENERGY COMPANY
    Zoning & alternative use
    AG · Macomb, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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