Nine Mile Road

Vacant Land for Sale
Catylist Listing ID: 30793905
Gross Land Area: 17.55 Acres
Sale Price: $4,600,000
Unit Price: $262,108 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/6/2022

Overview / Comments

The two (2) parcel assemblage of 17.55 acres is comprised of a 6.05 acre parcel (76-24-36-105-010) that fronts on 9 Mile Road and Rutland Avenue and a 11.50 acre parcel (76-24-36-105-009) with frontage on 9 Mile Road and the Northwestern
Highway. Possible expressway exposure. The Regional Center District (RC) zoning is intended to encourage mixed uses of high-rise office, medical facilities, multi-family, hotels, and motels, private clubs, public and private schools and colleges, research and development, plus more uses eligible for Overlay Development District designation, which could expand the type of uses allowed. Located in an Opportunity Zone that could provide possible tax incentives to encourage development.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Submarket/Township: Southfield S of 10 Mile
Tax ID/APN: 76-24-36-105-009 & 76-24-36-105-010
Zoning: RC
Property Located Between: E. of Northwestern Hwy./W. of Rutland Ave.
Traffic/Vehicle Count: 39,673
Available Utilities: Water, Gas, Sewer, Storm Drain

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,644 178,428 459,144
Median Age: 41.22 39.69 39
Households: 7,438 72,358 190,563

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