Commerce Towne Place +/-202 Acres Available

Vacant Land for Sale
Catylist Listing ID: 28221661
Property Subtypes: Hospitality, Industrial, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Other
Gross Land Area: 1 - 202 Acres
Sale Price: $1
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/28/2017

Overview / Comments

CALL RANDY THOMAS AT 248-891-5050 FOR PRICING ON SPECIFIC PARCELS.

www.commercetowneplace.com

The project is located at the north end of M-5, which is the entranceway to the interstate highway system. With direct access to I-696 and I-275, Commerce Towne Place is a perfect location for a high visibility retail development, office, hospitality establishment, restaurants, residential development, or corporate campus, with more than 200 shovel-ready acres of land adjacent to M-5, Pontiac Trail and Martin Parkway. In fact, during a meeting with the Michigan Economic Development Corporation, one staff member called the area “possibly the single most desirable property for a corporate campus in Michigan.”

Martin Parkway is completed from M-5, and now provides access north to Oakley Park and Richardson Roads. The Parkway is a boulevard that meanders through the project with four modern day roundabouts that provide for traffic congestion relief. The storm management plan, which is already in place, services most of the developable land, including storm, sewer, force mains, gravity sewer and water mains, as well as a 44-foot deep pump station constructed near the Commerce Township Community Library. The Downtown Development Authority has funded roughly nineteen million dollar costs of the roadway, stormwater management program and over five miles of recreational pathways.

The original vision that the DDA had for the area was for a comprehensive development which offers a ”healthy, comfortable environment for young and old to learn, shop, work, dine, recreate and live life to its fullest in the 21st century.”

Compatible uses with such a development, would include both single and multiple family residential developments, office, high-tech, and research and development. At the southwest portion of the project, where Pontiac Trail and M-5 intersect, there are approximately 65 acres with tremendous frontage and visibility to Pontiac Trail, Martin Parkway, and M-5, which are suitable for a high-end lifestyle retail development with restaurants, shopping and entertainment in a walkable environment.

Parcel A: 59.5 Acres
Parcel B: 64.2 Acres
Parcel C: 6.2 Acres
Parcel D: 8.9 Acres
Parcel E: 34.4 Acres
Parcel F: 3.9 Acres
Parcel G: 14.9 Acres
Parcel H: 2.9 Acres
Parcel I: 5 Acres

Additional Details

Nearest MSA: Detroit-Warren-Livonia
County: Oakland
Submarket/Township: Central I-96 Corridor
Tax ID/APN: Unknown
Zoning: PUD OR TOWNE CENTER OVERLAY
Market Type: Large
Property Located Between: Pontiac Trail and Oakley Park and Welch and Haggerty
Road Type: Paved
Property Visibility: Excellent
Traffic/Vehicle Count: 50,000
Highway Access: M-5, I-275, I-696, I-96
Zoning Description: PUD or Towne Center Overlay
Development Name: Commerce Towne Place
Available Utilities: Electric, Water, Gas, Storm Drain, Cable

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,682 65,978 162,966
Median Age: 37.46 39.23 40.73
Households: 4,032 28,089 65,417
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