This exceptional 2.9-acre commercial parcel presents a unique investment opportunity in Lapeer, Michigan. Located at 113 Devonshire Drive, 48446, this flat, build-ready land boasts a highly desirable location. The property is conveniently situated adjacent to a senior living community and surrounded by a golf course community, offering immediate access to a substantial resident base. Its Commercial zoning allows for a variety of development options, including residential homes, multi-family housing, or community-focused projects such as a community center. The property's flat terrain simplifies construction, minimizing site preparation costs and accelerating project timelines. The parcel's size and location make it ideal for developers seeking to capitalize on the growing demand for housing and community amenities in the area. The property's APN is L208330904000. This is a rare opportunity to acquire a significant land parcel in a thriving community with excellent potential for substantial returns. The asking price is $180,000.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$24,726,806
Hospitality
$22,649,620
Educational
$18,844,218
Medical
$19,492,300
Retail
$29,313,228
Location Insight
City
Lapeer
County
Lapeer
State
Michigan
Latitude
43.0485
Longitude
-83.352
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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