Catylist ID:
#28221661
Commerce Towne Place +/-202 Acres Available
Vacant Land
for Sale
| Catylist Listing ID: | 28221661 |
| Property Subtypes: | Hospitality, Industrial, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Other |
| Gross Land Area: | 1 - 15.76 Acres |
| Sale Price: | $1 |
| Land Splits Available: | Yes |
| Adjacent Parcels Available: | Yes |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 9/12/2023 |
Overview / Comments
|
CALL RANDY THOMAS AT 248-891-5050 FOR PRICING ON SPECIFIC PARCELS. www.commercetowneplace.com The project is located at the north end of M-5, which is the entranceway to the interstate highway system. With direct access to I-696 and I-275, Commerce Towne Place is a perfect location for a high visibility retail development, office, hospitality establishment, restaurants, residential development, or corporate campus, with more than 200 shovel-ready acres of land adjacent to M-5, Pontiac Trail and Martin Parkway. In fact, during a meeting with the Michigan Economic Development Corporation, one staff member called the area “possibly the single most desirable property for a corporate campus in Michigan.” Martin Parkway is completed from M-5, and now provides access north to Oakley Park and Richardson Roads. The Parkway is a boulevard that meanders through the project with four modern day roundabouts that provide for traffic congestion relief. The storm management plan, which is already in place, services most of the developable land, including storm, sewer, force mains, gravity sewer and water mains, as well as a 44-foot deep pump station constructed near the Commerce Township Community Library. The Downtown Development Authority has funded roughly nineteen million dollar costs of the roadway, stormwater management program and over five miles of recreational pathways. The original vision that the DDA had for the area was for a comprehensive development which offers a ”healthy, comfortable environment for young and old to learn, shop, work, dine, recreate and live life to its fullest in the 21st century.” Compatible uses with such a development, would include both single and multiple family residential developments, office, high-tech, and research and development. At the southwest portion of the project, where Pontiac Trail and M-5 intersect, there are approximately 65 acres with tremendous frontage and visibility to Pontiac Trail, Martin Parkway, and M-5, which are suitable for a high-end lifestyle retail development with restaurants, shopping and entertainment in a walkable environment. Parcel A: 59.5 Acres - SOLD Parcel B: 64.2 Acres - SOLD/UNDER CONTRACT Parcel C: 6.2 Acres - UNDER CONTRACT Parcel D: 8.9 Acres - SOLD Parcel E: 34.4 Acres - SOLD Parcel F: 4.26 Acres - AVAILABLE Parcel G: 14.9 Acres - SOLD Parcel H: 2.9 Acres - SOLD Parcel I: 5 Acres - SOLD Parcel J1: 2.3 Acres - AVAILABLE Parcel J2: 2.3 Acres - SOLD Parcel K - 0.5 Acres - SOLD Parcel L - 1.8 Acres - SOLD |
Attachments & Media
Additional Details
| Nearest MSA: | Detroit-Warren-Dearborn |
| County: | Oakland |
| Submarket/Township: | Central I-96 Corridor |
| Tax ID/APN: | Unknown |
| Zoning: | PUD OR TOWNE CENTER OVERLAY |
| Market Type: | Large |
| Property Located Between: | Pontiac Trail and Oakley Park and Welch and Haggerty |
| Road Type: | Paved |
| Property Visibility: | Excellent |
| Traffic/Vehicle Count: | 50,000 |
| Highway Access: | M-5, I-275, I-696, I-96 |
| Zoning Description: | PUD or Towne Center Overlay |
| Development Name: | Commerce Towne Place |
| Available Utilities: | Electric, Water, Gas, Storm Drain, Cable |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 8,682 | 65,978 | 162,966 |
| Median Age: | 37.46 | 39.23 | 40.73 |
| Households: | 4,032 | 28,089 | 65,417 |
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