Prime 2.75 acre commercial build site - Commerce Village

Vacant Land for Sale
Catylist Listing ID: 30557191
Property Subtypes: Multi-Family, Office, Retail, Retail-Pad
Gross Land Area: 2.75 Acres
Sale Price: $600,000
Unit Price: $218,181 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 10/28/2020

Overview / Comments

Approximately 2.75 total acres of prime commercial land in Village of Commerce. Property is riverfront between historic Byer's Homestead Farm and Commerce Village Dentists, across from Mill Race Park. Sale is subject to final township approval of property splits of existing parcels (17-10-434-003, 17-10-434-004, 17-10-434-005, 17-10-434-006) which shall be completed prior to close. Zoning to be determined. Currently approved for office condos/medical and restaurant. Taxes and SEV to be determined. Good frontage on Commerce Road with annual average daily traffic of 15,900 cars. Includes 'Parcel 2' presently zoned B2 with 1.1 acres along Commerce Road as well as adjoining 1.65 acre ‘Parcel 3’ presently zoned R1A along the Huron River.)

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Submarket/Township: Central I-96 Corridor
Tax ID/APN: 1710426006
Zoning: C-2 AND R1A
Property Located Between: East side of COMMERCE VILLAGE DENTISTS, between Carroll Lk Rd & N Commerce
Property Visibility: Excellent
Legal Description: T2N, R8E, SEC 10 PART OF SE 1/4 BEG AT PT DIST E 50 FT FROM NE COR OF LOT 7 OF 'WILLOW SPRING SUB', TH E 160 FT, TH S 12 (TBD by Township)
Largest Nearby Street: Carroll Lake Road
Feet of Frontage: 210
Traffic/Vehicle Count: 15,900
Site Description: Level, riverfront
Area Description: Commercial
Lot Frontage: 210'
Zoning Description: B2 and R1A
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,339 55,526 148,595
Median Age: 38.4 40.84 40.71
Households: 1,895 20,498 57,474


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