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Property profile & analytics
OFF-MARKET
Commercial real estate

6805 Peck Rd Lexington, MI 48450

14 ac lot
Property ID
US43-3133304
Property summary
AI-generated overview

This exceptional 14-acre parcel, located at 6805 Peck Rd in Lexington, Michigan (APN 15002530001000), presents a prime development opportunity. Zoned R2, this single-ownership property offers significant potential for residential construction. Situated conveniently on Peck Rd, it's just one mile west of Lexington Harbor and boat launch on beautiful Lake Huron, placing it at the heart of this popular Michigan boating and beach town. The property benefits from its proximity to Lexington's downtown area, featuring restaurants, bars, a theater, and historic homes, as well as newer construction. Its location near Lakeview Hills Country Club and Resort, and 3 North Vines Vineyard, adds to its appeal. The growing demand for housing in Lexington, driven by retirees and second-home owners, makes this a compelling investment opportunity. The 14-acre size allows for substantial development, making it an ideal investment for both immediate and long-term growth. The property's strategic location on a main road leading to the downtown area and marina ensures high visibility and accessibility. This is a rare chance to acquire a significant land holding in a thriving Michigan community. The asking price is $169,000.

Property profile
Verified
Property type Commercial real estate
Lot 14 ac (609,840 SF)
APN 15002530001000
UPID US43-3133304
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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