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Investment Highlights

  • 6.5 Acres
  • Private Road
  • 4 Parcel

Executive Summary

Prime Investment opportunity1 Adjacent to proposed multi-million-dollar event venue Bloomfield Hollow

Financial Summary (Actual - 2025)

Annual Annual Per AC
Gross Rental Income $6,000 $1,000.00
Other Income - -
Vacancy Loss - -
Effective Gross Income $6,000 $1,000.00
Net Operating Income - -

Financial Summary (Actual - 2025)

Gross Rental Income
Annual $6,000
Annual Per AC $1,000.00
Other Income
Annual -
Annual Per AC -
Vacancy Loss
Annual -
Annual Per AC -
Effective Gross Income
Annual $6,000
Annual Per AC $1,000.00
Net Operating Income
Annual -
Annual Per AC -

Property Facts

Price $2,300,000
Sale Type Investment
Sale Conditions
Build to Suit
  • Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Mixed Use
  • Hospitality
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Senior
  • Hotel
  • Movie Theater
  • Storefront
Total Lot Size 6.00 AC
Zoning C-3 - C3

1 Lot Available

Lot

Price $2,300,000
Price Per AC $383,333.33
Lot Size 6.00 AC

Description

Investors, here is your opportunity to own the only undeveloped land in the Bloomfield - Bloomfield hills area. This 4 parcel, 6.5-acre, property located on Freemont st right off of Franklin rd features 3 houses, a private road, and sits adjacent to the proposed multi-million-dollar Bloomfield Hollow project! With commercial zoning c3 already in place, the opportunities are endless! Sale includes 424, 374, 362, & 350 Freemont St. The property is already generating over $6000/month! 350 Freemont is already zoned and being used as commercial truck parking and generating $3000 per month. 424 Freemont has 3br 2ba and is generating $1750/month. 374 Freemont has 4br 3.5ba and has the potential to fetch $3000/month. 374 Freemont has 2br and 1ba and generating $1650/month. Residential and commercial tenants can stay, making this a cash flowing property day 1 or the property can be delivered total vacant and ready for redevelopment asap! The proposed 30,000 sq ft event venue is slated to break ground this year and will bring variety of upscale events and patrons to the area and will make this property a perfect place for a potential hotel, restaurant, condominiums, or mixed-use development. Act now and act fast and be the first to capitalize on this potential multi-million-dollar high yield investment!

Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 19-04-301-006
  • 19-04-301-008
  • 19-04-301-007
  • 19-04-301-017
Land Assessment
$122,960
Improvements Assessment
$244,910
Total Assessment
$367,870
  • Listing ID: 39871453

  • Date on Market: 3/23/2026

  • Last Updated:

  • Address: 424 Fremont St, Bloomfield Hills, MI 48302

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