Individually Owned Property summary
This exceptional 0.54-acre commercial land parcel, located at 41200 Five Mile Road in Plymouth, Michigan (Wayne County, zip code 48170), presents a unique investment opportunity. The property is zoned B-1, and boasts dimensions of approximately 130 feet by 180 feet. Utilities are conveniently located on-site, simplifying development. A site plan has already been approved for the construction of a 2,940 square foot office building, streamlining the permitting process for a prospective buyer. The asking price is $175,000, translating to a land value of $7.44 per square foot. This prime location in Plymouth offers excellent visibility and accessibility, making it ideal for a variety of commercial ventures. The property's existing site plan and readily available utilities significantly reduce development time and costs, representing a compelling value proposition for developers and investors alike. Don't miss this chance to acquire a ready-to-develop commercial lot in a thriving Michigan community.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
• Allow the one-half of the alley for the rear yard setback in O-1, O-2, & B-1 to be across all zoning districts if the alleys are not regularly used. • Move parking requirements in footnotes (h), (j), (m) and (t) to the…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B-1 · Plymouth, MI• Allow the one-half of the alley for the rear yard setback in O-1, O-2, & B-1 to be across all zoning districts if the alleys are not regularly used. • Move parking requirements in footnotes (h), (j), (m) and (t) to the…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
• Allow the one-half of the alley for the rear yard setback in O-1, O-2, & B-1 to be across all zoning districts if the alleys are not regularly used. • Move parking requirements in footnotes (h), (j), (m) and (t) to the…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-1 in Plymouth, MI.
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