2450 South Commerce Road Land/Development
  • Asking Price
    $259KAsking Price
  • Acres
    ~1.60 acAcres
  • Highest & Best Use
    Single or m…Highest & Best Use
  • Size
    1,828 SFSize
  • Built
    1953Built
  • Zoning
    RM-1 (Walle…Zoning

Description

2450 South Commerce Road is a 1.6-acre residential land offering in Walled Lake, MI 48390-2129. Flat topography and 232 FT of frontage on South Commerce Road give a buyer physical parameters for planning a single or multi-family development.

The property’s identified highest and best use is single or multi-family development. Its zoning spans RM-1 (Walled Lake) and R-1B (Commerce), so a buyer can organize the development plan around the designation applicable to each part of the site. The South Commerce Road frontage establishes the road-facing edge of that plan, with South Commerce and Decker Roads identified as the cross streets. APN 17-23-326-010 gives the buyer a parcel reference for that work. The listing also records 1,828 SF of size and a 1953 year built, distinct from the land area that defines this offering.

At an asking price of $259,000, or $161,875 per acre, the property presents a defined acquisition basis for a buyer pursuing its identified residential use. The combination of flat topography, road frontage and stated highest and best use helps focus the initial site plan on layout and access rather than on an undefined development concept. The zoning designations and parcel reference give the buyer specific starting points for working through that plan. The opportunity is to acquire a 1.6-acre site with a residential development direction and a stated price basis.

Offering Summary

  • Asking Price
    $259,000
  • Price/Acre
    $161,875
  • Property Type
    Land/Development
  • Size
    1,828 SF
  • Properties
    1
  • Built
    1953
  • Total Acres
    ~1.60 ac

Documents

Property Address

2450 South Commerce Road
Walled Lake, MI 48390-2129

Property Details

  • Property Type
    Land/Development
  • Acres
    1.60
  • Topography
    Flat
  • Zoning
    RM-1 (Walled Zoning: Lake) & R-1B (Commerce)
  • Access Frontage
    232 FT frontage on South Commerce Road; cross streets South Commerce & Decker Roads
  • Highest & Best Use
    Single or multi-family development
  • APN
    17-23-326-010

Deal Team

Michael Murphy profile image

Michael Murphy

Vice President
Gerdom Realty & Investment
MI RE Lic. 6501389134