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    FOR LEASE
    Commercial land

    422 E Michigan Ave, Saline, MI 48067

    0.39 ac lot
    Entity Owned 21-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1693913
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 0.39 ac (16,988 SF)
    Zoning code C-2
    APN 18-12-31-360-002
    UPID US43-1693913
    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
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Cvs 8003 Mi LLC · 21 yrs held
    Cvs 8003 Mi LLC
    since 2005
    3 recorded transactions
    2005
    2004
    $455,000
    1969
    Zoning & alternative use
    C-2 · Saline, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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