Property profile

26775 32 Mile Rd Richmond, MI 48062

FOR SALE
Land
Property ID
US43-0970273
80 ac lot
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No photos on file
For Sale
$1,050,000
26775 32 Mile Rd, Richmond, MI 48062
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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 Land
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

Location

26775 32 Mile Rd Richmond, MI 48062
Richmond metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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More about this property
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