Property Information
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Executive Overview/Project Summary
Location
Northeast quadrant of M-5 and Pontiac Trail, Commerce Township, MI
Commerce Township is located within Oakland County, one of the top 5 wealthiest counties in the country, which is located approximately 30 miles northwest of Detroit.
Total Land Size
330 Acres
Total Buildable
+/-202 Acres*
Conservation, Wetland and Storm Management
Of the total land, approximately 128 acres have been dedicated to conservation areas, public trails, preserved wetlands, and overall storm management, serving almost the entire DDA project area.
Site Improvements
*Of the 202 acres for development, the Commerce Township DDA has invested in the following infrastructure which currently exists:
– Completion of Martin Parkway from M-5, leading up to Richardson Road
– Completion of 4 modern-day roundabouts within the project area, including the recently opened Pontiac Trail/M-5 roundabout, one of the largest in the State of Michigan
– Sewer line with available taps run along Martin Parkway serving the entire development area
– City water line with available taps run along Martin Parkway serving the entire development area
– Note, franchise utilities are not in place and must be brought in by developer
– Master storm management plan in place servicing most of the DDA development area
– Site has been balanced for most of the commercial development area; topography and natural features remain for the residential areas
– Site is shovel-ready and qualifies for Fast Track Process for site plan approval
Price Per Acre
Commercial, outlot and residential pricing will vary according to use, quality of development and potential tax revenue basis. Call Randy Thomas for specific information 248-359-9000
Land Earmarked for Commercial
Approximately 65-70 acres
Land Earmarked for Residential
Approximately 140 acres
School District
Walled Lake Consolidated Schools
Traffic Counts
Approximately 50,000 cars pass through M-5 and Pontiac Trail, according to a 2007 study. No traffic counts currently exist for Martin Parkway, as it recently opened in mid November 2011.
Zoning
See enclosed Planned Unit Development and Township Overlay
Demographics
1 Mile Radius
Population: 3,614
Employment: 3,856
Households: 1,236
Average Household Income: $101,243
5 Mile Radius
Population: 146,630
Employment: 104,131
Households: 57,419
Average Household Income: $115,900
10 Mile Radius
Population: 498,208
Employment: 374,491
Households: 197,833
Average Household Income: $109,155
Parcels Offered For Sale
Parcel A: 59.5 Acres
Suggested Use: Multi Family Residential, Single Family Residential (Residential primarily on western portion of Parcel A), Commercial, Hospitality, Commercial Outlots, High Density Senior Living, Corporate HQ, Office, R & D, High-Tech
Parcel B: 64.2 Acres
Suggested Use: Commercial/Retail Development-Lifestyle, Open-Air Center, Walkable environment with shopping, Restaurant and entertainment, Commercial Outlots, Hospitality, General retail, Corporate HQ, Office, R & D, High-Tech
Parcel C: 6.2 Acres
Suggested Use: Multiple story mixed-use, Office, Retail, Outlot potential
Parcel D: 8.9 Acres
Suggested Use: Recreational use, Residential, R & D, High-tech, Commercial
Parcel E: 34.4 Acres
Suggested Use: Multi Family Residential, Single Family Residential, Commercial, Commercial Outlots, High Density Senior Living, Corporate HQ, Office, R & D, High-Tech
Parcel F: 3.9 Acres
Suggested Use: Neighborhood commercial, Office
Parcel G: 14.9 Acres
Suggested Use: Multi-family residential, Single family residential, High density Senior living
Parcel H: +/- 3.8 Acres | +/- 2.2 Useable
Suggested Use: Commercial Outlot, Industrial, Retail
Parcel I: 2.9 Acres
Suggested Use: Office, R & D, High-tech, Light-industrial
Parcel J: 5 Acres
Suggested Use: Commercial/Retail, Office, R & D
Parcel K: +/- 0.5 Acres
Suggested Use: General Commercial
Origin Destination Traffic Study