141 W Elizabeth $1,000,000

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    141 W Elizabeth Lake Orion, MI 48362

    • 100 sq. ft.
    • 0.78 Acres
    • Commercial
    • MLS# 60295924
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    Views: 4 Days On Site: 42

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    Property Details

    Welcome to a rare and exceptional opportunity in the heart of Lake Orion, Michigan! This raw land parcel is fully approved for the construction of 16 luxurious apartments, offering a perfect blend of suburban tranquility and urban convenience. Located just a short walk away from the charming downtown area of Lake Orion and Lake Orion, this property is surrounded by major developments, ensuring a promising return on investment for savvy developers and investors. With all necessary permits and approvals already in place, this property is ready for construction to begin on the new apartment complex. Take advantage of the thriving real estate market in Lake Orion and bring your vision to life in this highly desirable location. Don't miss out on this incredible opportunity to create a landmark development in a prime location. Reach out today to learn more about this property and make your mark on the vibrant community of Lake Orion, Michigan!

    • General Features
      • Acreage 0.78
      • Area Municipality Lake Orion (63267)
      • County Oakland
      • Originating MLS RealComp
      • Ownership Private
      • Total SqFt Finished 100
      • Waterfront Y/N No
      • ZONING Multi-Family,Residential
    • Building Features
      • Exterior Construction Other
    • Property Features
      • Water Public Water at Street
      • Lot Size 215 x 152
      • Roads Paved Street
      • Sewer Septic Public At Street

    Contact

    Ron Walczak

    Ron Walczak

    REALTOR

    RE/MAX Platinum

    Direct: 810-344-3360

    Neighborhood

    48362 (Lake Orion) Demographics

    43 Median Age
    1,356 Population Density (per sq. mile)
    51% College Educated
    $95,236 Estimated Median Income
    5,069 Estimated Total Home Owners
    927 Estimated Total Renters
    85% / 15% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    15,502 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $339,250 Median Sales Price
    12 Homes Sold
    21 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,000,000
        3/24/2024 8:36:00 PM New in Database Source: Multiple Listing Service New Value: $1,000,000

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        ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.