00 N Cotton Road
Chesterfield, MI 48047
Unimproved Land · MLS # 20261012021 · Listing courtesy of INITIA Real Estate
About this home
Premier Development Opportunity on Cotton Road, Chesterfield Township Discover an exceptional 5.81-acre vacant land parcel perfectly positioned for residential or mixed-use development in one of Macomb County's most desirable locations. This prime Cotton Road acreage represents a rare opportunity for builders, developers, & savvy investors seeking to capitalize on a thriving community. Situated in the award-winning Anchor Bay School District, this property offers immediate access to vibrant shopping, dining, & entertainment options throughout Chesterfield Township. Commuters benefit from convenient I-94 access, placing Detroit & beyond just minutes away. The deep, wooded lot with 300 feet of frontage creates an ideal canvas for creative development. The parcel's substantial size and configuration allow for multiple development scenarios. You can split the land into smaller individual parcels, develop a single-family residential subdivision, create a small neighborhood development, build a multifamily condominium complex, or design a mixed-use commercial and residential project. Limited only by your vision and local zoning guidelines. All essential utilities are conveniently located at street level. Electricity, natural gas, public water, and public sewer are ready to connect, dramatically reducing development costs and accelerating project timelines. This turnkey infrastructure is a significant advantage that sets this property apart. This 5.81-acre parcel features 300 feet of frontage on Cotton Road with residential zoning. The deep lot spans over 150 feet and is characterized by wooded, tree-lined terrain that is subdividable according to your project needs. Main street visibility on Cotton Road enhances the property's commercial appeal and accessibility. This is a rare chance to acquire premium development land in a community known for growth, strong schools, and excellent quality of life. Perfect for those ready to build their next success story.
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Chesterfield
Over the last 90 days, 67 homes sold in Chesterfield for a median of $302,500, about $153 per square foot, and the typical one went under contract in 10 days. This home is listed at $240,000, and has been on the market 186 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Chesterfield sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $4,197 a year. A buyer who lives here would pay about $2,847 to $4,507 a year once the taxable value resets after the sale, at the 2025 homestead rate of 37.19 mills for Chesterfield Twp and Anchor Bay schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.
Location
Similar homes in Chesterfield
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