6805 Peck Rd Lexington, MI 48450
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.