Mixed-Use Development

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Mixed-Use Development

Type: Sale

NEC McKay Rd & 33 Mile Rd Bruce Twp MI Macomb County

Property Type: Vacant Land

Sales Price: Contact Broker

Contact Person(s): Louis J. Ciotti
Anthony J. Vitale
& Scott J. Sonenberg

(248) 488-2620

Description:

VIEW AERIAL VIDEO HERE

MIXED-USE DEVELOPMENT OPPORTUNITY

Site adjacent to 3 Senior Assisted Living Facilities and a proposed 24.77 acre, 170 unit Multi-Family Development. Site is the largest parcel within the Bruce Sewer & Water District. There is no additional sewer capacity north of 27 Mile Road and it is unlikely that the sewer capacity will be expanded or sewer line extended due to the greater than $30M investment requirement.

Highlights:

  • The proposed senior living component will occupy approximately 18± acres of the campus and supports 83 Skilled Nursing beds, Assisted Living, 35 Memory Care beds, and 80-120 future Independent Living Apartments. 170 Market rate condos haven been planned for 32 acres on the northern part of the site.
  • Only large parcel with all utilities and adequate capacity in greater Romeo area.
  • Storm water retention basin and discharge is in place with all approvals for the full development.
  • Site sewer and storm systems designed as gravity systems to minimize future development costs.
  • Site is free of any Wetland or Flood plain.
  • No environmental issues.
  • Zoning in Place: RM zoning can support special land use for Senior Housing & Hospital uses.

Property Taxes: $15,500.90

Lot Size: 50.1 AC
29.22 AC (Zoned M-1)
20.88 AC (Zoned C-2)

Zoning: M-1 & C-2

Demographic Info:

Radius: 3 Mile 5 Mile 10 Mile
Population Density: 11,578 19,449 122,198
Avg. HH Income: $108,366 $114,960 $116,872

LANDMARK COMMERCIAL REAL ESTATE SERVICES – Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.