11900 Whitmore Lake RdWhitmore Lake, MI 48189

  • Commercial real estate
  • 46,647 SF
For Sale
$2,100,000 View listing

Property Details for 11900 Whitmore Lake Rd

Year built
1989
Lot size
7.16 AC
Property size (Sq ft)
46,647 SF
Zone code
GB
Property type
Commercial real estate
APN
16-31-400-030
APU
1631400030

Description

This exceptional 9.08-acre commercial land parcel presents a remarkable investment opportunity in Whitmore Lake, Michigan. Strategically located at the northwest corner of 8 Mile and Whitmore Lake Roads, this property enjoys unparalleled visibility and accessibility, situated directly across from the Lakeview Shopping Center and benefiting from the high traffic volume of US-23. The site is zoned Highway Commercial/General Business, offering a wide range of development possibilities. With a daily traffic count of 76,045 vehicles on US-23 (south of 8 Mile Road), this location guarantees significant exposure for any commercial venture. The property is conveniently located at the southbound 8 Mile Road exit of US-23, ensuring easy access for customers and employees. While utilities are available, the property requires the installation of a well and septic system. Gas and electric services are readily accessible at the intersection of Whitmore Lake and Lemen Roads. This prime location, combined with its substantial size and favorable zoning, makes this a truly exceptional opportunity for developers and investors seeking high-impact commercial development in a thriving area. The asking price for this exceptional property is $2,100,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $9,140,216
    Hospitality
    $8,372,389
    Educational
    $6,965,729
    Medical
    $7,205,292
    Retail
    $10,835,579

Location Insight

City
Whitmore Lake
County
Livingston
State
Michigan
Latitude
42.4316
Longitude
-83.769
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2019
$43,873
-
-
$1,901,800
-
-
-
$3,803,600

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