Property profile

7202 Whitmore Lk Rd Brighton, MI 48116

OFF-MARKET
Industrial land
Property ID
US43-1831637
9.77 ac lot
Entity Owned 9-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 10-acre commercial land parcel, located at 7202 Whitmore Lake Road in Brighton, Michigan, presents a unique investment opportunity. Zoned LI (Light Industrial), this property offers significant potential for various commercial ventures. The asking price is $2,500,000, translating to $250,000 per acre, reflecting the land's high value and strategic location. The parcel's APN is 16-08-100-022. Situated in Livingston County, with a 48116 zip code, this site boasts excellent visibility from US-23, ensuring high traffic exposure for any developed business. Easy freeway access further enhances its appeal, providing convenient transportation links. The property's proximity to a regional shopping mall adds to its desirability, offering potential synergy and increased customer traffic. Furthermore, there's the possibility of assembling up to 34 acres of contiguous land, presenting opportunities for large-scale development projects. This versatile property is suitable for a range of commercial, office, or industrial uses, making it an attractive proposition for developers and investors seeking a prime location in a thriving Michigan market. The property is currently listed for sale.

Property profile

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 9.77 ac (425,581 SF)
Zoning code LI
APN 16-08-100-022
UPID US43-1831637

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7202 Whitmore Lk Rd Brighton, MI 48116-8558
Brighton metro Census 744600 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

LI · Brighton, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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