Prime Land on Riverfront - Parcel 2

Vacant Land for Sale
Catylist Listing ID: 30557207
Property Subtypes: Multi-Family, Office, Retail, Retail-Pad
Gross Land Area: 1.10 Acres
Sale Price: $400,000
Unit Price: $363,636 Per Acre
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 7/7/2020

Overview / Comments

Approximately 1.1 acres prime commercial land in Village of Commerce. ('Parcel 2') 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. (See also adjoining 1.65 acre ‘Parcel 3’ available for sale at website below.)

www.cpix.net/listing/vy36bvYgaNM/363-W-Commerce-Rd-Commerce-MI-48382

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Submarket/Township: Central I-96 Corridor
Tax ID/APN: 1710426006
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

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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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