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: |
6/7/2023 |
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.
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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 |
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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