Property profile

24 Mile Rd Macomb, MI 48042

OFF-MARKET
Industrial land
Property ID
US43-1952111
6.3 ac lot
Entity Owned Absentee Owner Free & Clear
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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

Current use

Occupant on record · Public records
  • Building Supply

Location

24 Mile Rd Macomb, MI 48042
Macomb metro Census 223500 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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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

Zoning & alternative use

AG · Macomb, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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