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    OFF-MARKET
    Commercial land

    3118 Newport Rd, Newport, MI 48166-9303

    2.71 ac lot
    Entity Owned 8-yr Hold ~ Est. High Equity
    Property ID
    US43-0581482
    Property summary
    AI-generated overview

    This exceptional 2.71-acre commercial land parcel presents a prime opportunity for development in the thriving Charter Township of Berlin, Michigan. Strategically located at 3118 Newport Road, this property boasts unparalleled accessibility, situated minutes from both Downriver and Monroe, and conveniently positioned just off I-75 with easy on/off access at Exit 21, and near the 275 interchange. The site benefits from high visibility and strong surrounding businesses, including a Beaumont Family Group facility, Mary Sacco Pizza, and a busy Burger King/Marathon gas station. Its proximity to a major Meijer distribution center further enhances its desirability. The land is currently vacant and offers a blank canvas for build-to-suit projects, catering to a wide range of commercial ventures. This location provides excellent exposure to a significant volume of traffic, making it ideal for businesses seeking high visibility and convenient access for customers and employees. The property's size and location make it an attractive investment opportunity for developers seeking to capitalize on the area's growth potential. Additional acreage is available for sale next door, providing potential for expansion or consolidation. The property's zoning and permitted uses should be independently verified. This is a rare opportunity to acquire a substantial commercial land parcel in a high-demand location.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 2.71 ac (118,091 SF)
    APN 03-001-110-10
    UPID US43-0581482
    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
    North Park Holdings LLC · 8 yrs held
    North Park Holdings LLC
    since 2017
    5 recorded transactions
    2017
    $15,500
    2014
    $266,000
    2014
    2009
    2007
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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