000 26 Mile Road
Ray, MI 48096
Unimproved Land · MLS # 20251041254 · Listing courtesy of Nexus Real Estate LLC
About this home
Motivated seller! Prime 29.85-acre development parcel located on 26 Mile Rd with approx. 341’ frontage. Zoned B-2 (Commercial) in the front and RM (Multifamily) in the rear, offering flexibility for mixed-use or residential development. Up to 4 splits available. Located within desirable Utica Community Schools district and surrounded by strong residential growth, including Villagio subdivision across the street with homes starting in the $900s. Convenient proximity to major retailers including Kroger, Chase, and dining. Sewer not available; municipal water through Washington Twp may be possible (buyer to verify). Ray Twp offers VERY LOW TAXES and strong income demographics. Seller will consider Land Contract terms for qualified buyers. Great investment/development opportunity!
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Ray
Over the last 90 days, 12 homes sold in Ray for a median of $410,500, about $210 per square foot, and the typical one went under contract in 40 days. This home is listed at $1,450,000, and has been on the market 373 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Ray sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $5,896 a year. A buyer who lives here would pay about $856 to $19,016 a year once the taxable value resets after the sale, at the 2025 homestead rate of 25.97 mills for Ray Twp and Utica 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 Ray
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