Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    422 E Michigan Ave Saline, MI 48067
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    422 E Michigan Ave Saline, MI 48067

    View on Map
    • Commercial land
    • 0.39 lot acres
    For Lease
    View Listing →
    Vacant Land For Lease For Lease
    Contact for pricing

    Vacant Land For Lease

    1.84 acres of vacant land available for purchase or lease.

    422 E. Michigan, Saline, MI 48067
    View Listing
    Property ID
    US43-1693913
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 422 E Michigan Ave

    Lot size
    0.39 lot acres
    Zone code
    C-2
    Property type
    Commercial land
    APN
    18-12-31-360-002
    APU
    181231360002

    Description

    This exceptional 1.84-acre parcel of vacant commercial land presents a unique investment opportunity in Saline, Michigan. Located at 422 E. Michigan, this property boasts a prime location within Oakland County, offering excellent visibility and accessibility. The zoning designation is C-2 and SPA-1, providing flexibility for a wide range of commercial development projects. The single-tenant designation allows for streamlined development and management. The expansive lot size offers ample space for construction, accommodating various building sizes and designs. This property is ideal for developers seeking a strategic location to build a new commercial venture. Its proximity to local amenities and transportation routes ensures high visibility and convenient access for potential customers and employees. The property is available for purchase or ground lease, providing flexibility to suit diverse investment strategies. Serious inquiries are encouraged to explore the potential of this exceptional commercial land offering. The property address is 422 E. Michigan, Saline, MI 48067. Detailed zoning information and site plans are available upon request. This is a rare opportunity to acquire a significant commercial land parcel in a thriving Michigan community. Don't miss out on this chance to secure a prime location for your next commercial project.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Saline
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.7729
    Latitude
    42.1702
    CBSA code
    11460
    CBSA name
    ANN ARBOR, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2019
    $3,577
    $0.00
    $0.00
    $32,700
    -
    $0.00
    $0.00
    $65,400

    Comparable in this City

    • Value Estimation by Request
      0.37 Acres

      111 Davenport St

      VACANT COMMERCIAL LAND • 0.37 Acres
      111 Davenport St, Saline, MI 48176-1212
      View Details
    • Value Estimation by Request
      2.96 Acres

      Michigan Ave

      VACANT COMMERCIAL LAND • 2.96 Acres
      Michigan Ave, Saline, MI 48176
      View Details
    • Value Estimation by Request
      0.39 Acres

      159 Michigan Ave

      VACANT COMMERCIAL LAND • 0.39 Acres
      159 Michigan Ave, Saline, MI 48176-1324
      View Details
    • Value Estimation by Request
      20.00 Acres

      Textile Rd

      VACANT COMMERCIAL LAND • 20.00 Acres
      Textile Rd, Saline, MI 48176
      View Details
    • Value Estimation by Request
      2.39 Acres

      Mcdowell Pl

      VACANT COMMERCIAL LAND • 2.39 Acres
      Mcdowell Pl, Saline, MI 48176
      View Details
    • Value Estimation by Request
      10.32 Acres

      State St

      VACANT COMMERCIAL LAND • 10.32 Acres
      State St, Saline, MI 48176
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Corner Location Land Parcel

      0.69-acre parcel suitable for retail, medical, or office development.
      7075 E Michigan Ave, Saline, MI 48176
      View Details
    • Contact for pricing

      Vacant Commercial Land Available

      1.39 acres of vacant commercial land on Michigan Avenue.
      1.39 Acres Michigan Ave & Platt, Saline, MI 48176
      View Details
    • $250,000

      Saline Commercial Land For Sale

      0.48-acre commercial land parcel in Saline, Michigan.
      7608 E Michigan Ave, Saline, MI 48176
      View Details
    • Contact for pricing

      Prime Land with High Visibility

      1.58 acres with high traffic and development potential.
      7160 Moon Rd, Saline, MI 48176
      View Details
    • Contact for pricing

      1.39 Acres Commercial Land Available

      Vacant commercial land on Michigan Avenue near Platt Road.
      Michigan Ave. Between Us 23 & State St, Saline, MI 48176
      View Details
    • $250,000
      0.48 Acres

      Saline Commercial Development Opportunity

      Vacant commercial land for development in Saline, Michigan.
      7608 E Michigan Ave, Saline, MI 48176
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Saline Office/Industrial Space for Lease

      Renovated office and industrial space in Redies Business Park.
      905 Woodland Dr E, Saline, MI 48176
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Saline, Michigan.
      7025 E Michigan Ave, Saline, MI 48176
      View Details
    • $15 SF/Yr
      9,996 SF

      Office Suite in Saline, MI

      Office suite for rent with utilities included and front door parking.
      760 Woodland Dr E, Saline, MI 48176
      View Details
    • Contact for pricing

      Office Spaces in Woodland Tech

      Office spaces available in well-maintained Woodland Tech Center building.
      1705 Woodland Dr E, Saline, MI 48176
      View Details
    • Contact for pricing
      3,000 SF

      Saline Retail/Office Space Available

      High-visibility location suitable for office, business services, and retail.
      901 W Michigan Ave, Saline, MI 48176
      View Details
    • $16 SF/Yr
      2,600 SF

      Well-Appointed Office Suite For Rent

      Office suite with ample parking and partially finished basement.
      137 Keveling Dr, Saline, MI 48176
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    422 E Michigan Ave
    Saline, MI 48067
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!