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    FOR SALE
    Commercial land

    8252 Dexter Chelsea Rd, Dexter, MI 48130

    0.72 ac lot
    Entity Owned 21-yr Hold ~ Est. High Equity
    Property ID
    US43-4861484
    Property summary
    AI-generated overview

    This exceptional 0.72-acre commercial land parcel presents a unique investment opportunity in the thriving downtown Dexter, Michigan area. Located at 8252 Dexter-Chelsea Road, this property boasts a prime location on a high-traffic section of the road, situated between Cribley Drilling and an A&W restaurant. Its C-2 zoning allows for a variety of commercial uses, making it ideal for developers seeking to capitalize on the area's strong retail and business environment. The property is directly across the street from the Dexter chapter of the American Legion, ensuring high visibility and accessibility. All downtown businesses and retail amenities are within easy walking distance, providing significant convenience for potential tenants and customers. A proposed building plan, already in place, outlines a 4,200 square foot first-floor retail commercial space with a second-floor residential component, offering a versatile development option. The property's APN is H-08-06-200-027. This is a rare chance to acquire a highly visible and strategically located parcel in a rapidly growing community. The asking price is $299,000. Don't miss this opportunity to secure a piece of Dexter's vibrant commercial landscape. The property is conveniently located in the 48130 zip code.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 0.72 ac (31,363 SF)
    Zoning code C-2
    APN H -08-06-200-027
    UPID US43-4861484
    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
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    Blend (final) Blend
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    Owner & transaction history
    Wallace Dev Co Of Washtenaw LLC · 21 yrs held
    Wallace Dev Co Of Washtenaw LLC
    since 2004
    4 recorded transactions
    2004
    $295,000
    2004
    $85,000
    2000
    1969
    Zoning & alternative use
    C-2 · Dexter, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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