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Property profile & analytics
OFF-MARKET
Commercial real estate

26775 32 Mile Rd Richmond, MI 48062

80 ac lot
Property ID
US43-0970273
Property summary
AI-generated overview

This exceptional 80-acre commercial property presents a unique investment opportunity in Richmond, Michigan. Located on 32 Mile Road, the land boasts significant potential for various commercial ventures. The property includes an existing house, a barn, and a riding arena, offering versatile options for development or immediate use. The expansive acreage provides ample space for expansion, construction, or continued use of the existing structures. Situated in Macomb County, the location offers convenient access to major transportation routes, enhancing its commercial viability. The asking price is $1,600,000. Detailed site surveys and environmental reports are available upon request. This property is zoned for commercial use (verification required by buyer). The existing structures are in need of some repairs and updates, presenting an opportunity for value-add improvements. The property's size and existing infrastructure make it ideal for a variety of commercial uses, including but not limited to agricultural businesses, equestrian centers, or light industrial development. The zip code is 48062. The property's coordinates are latitude 42.811279 and longitude -82.8471749. Serious inquiries only.

Property profile
Verified
Property type Commercial real estate
Lot 80 ac (3,484,800 SF)
UPID US43-0970273
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
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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