444 Plymouth Rd Plymouth, MI 48170-1841
- Commercial land
- 14,106 SF
- 1.06 lot acres
Current Use by Public Records
- Commercial land
Property Details for 444 Plymouth Rd
- Year built
- 1960
- Lot size
- 1.06 lot acres
- Property size
- 14,106 SF
- Zone code
- RM-1
- Property type
- Commercial land
- APN
- 49-004-02-0273-000
- APU
- 49004020273000
Description
This exceptional 1.06-acre commercial land parcel, located at 444 Plymouth Road in Plymouth, Michigan (48170), presents a remarkable opportunity for high-density multi-family development. The property, identified by APN 49-004-02-0273-000, is zoned RM-1 Multi-Family/Master Planned High Density Multi-Family, allowing for the construction of 18-27 units per acre, with a maximum of four stories. The master plan permits a variety of housing options, including apartments, duplexes, single-family homes, senior living facilities, and assisted living facilities. This prime location in Wayne County overlooks Hines Drive and boasts a history of multi-family development on the site. The asking price is $499,999, translating to an estimated land value of $17,857 to $26,315 per acre. Given the affluent nature of the Plymouth area and its high household incomes, this property offers significant potential for substantial returns on investment. The site's previous use as an apartment complex further underscores its suitability for multi-family development. This is a rare opportunity to acquire a well-situated, high-potential development site in a desirable Michigan community. Serious inquiries are encouraged.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Plymouth
- County
- Wayne
- State
- Michigan
- Longitude
- -83.4565
- Latitude
- 42.3761
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
