For Sale
$750,000

141 Elizabeth St Orion Township, MI 48362

16-Unit Apartment Development, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional 0.73-acre land parcel in Orion Township, Michigan, presents a unique opportunity for developers and investors. Located at 141 W Elizabeth St, 48362, this property boasts fully approved permits for the construction of up to sixteen luxury apartments. Situated in the heart of Lake Orion, it offers unparalleled convenience, with walking distance access to the charming downtown area, all sports Lake Orion, and numerous amenities including restaurants, Kroger, Meijer (including a new specialty produce market), and parks. The property's prime location is further enhanced by its proximity to major developments and Great Lakes Crossing (approximately 7 miles). This turnkey opportunity eliminates the lengthy permitting process, allowing for immediate commencement of construction. The seller may consider build-to-suit options or act as project manager, and seller financing may be available. The surrounding area features multi-million dollar developments, indicating a strong and promising return on investment. This is a rare chance to create a landmark development in a highly desirable and thriving Michigan community.

Highlights

  • Fully approved building permits.
  • Build-to-suit options available.

Property Details for 141 Elizabeth St

Property type
Land
Lot Size (sq. ft)
31,799 SF

Location Insight

City
Orion Township
County
Oakland
State
Michigan
Latitude
42.7888998
Longitude
-83.2430521
141 Elizabeth St, Orion Township, Michigan

FAQs

What type of property is this?
Land - 16-Unit Apartment Development, Prime Location
Where is the land located?
The property is located at 141 Elizabeth St Orion Township, MI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Fully approved building permits.; Build-to-suit options available.;
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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141 Elizabeth St
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