46755 Five Mile Road

About this home

Rare industrial parcel in Plymouth Township serving the Plymouth & Northville markets. Upscale demographics - Average household income (1 mile): $224,318. Population (5 miles): 125,196. High volume traffic counts: 65,260 VPD combined at Five Mile & Beck, & convenient location (2-minute drive to M-14). Currently zoned IND (Industrial), allowing self-storage and, via PUD, hotel and childcare uses - see Plymouth Twp IND Zoning Ordinance (Article XV). NEW: Plymouth Township's Draft Master Plan Update designates this corridor Local Commercial/Residential on the Future Land Use Map (Board of Trustees review 8/25/26). Per Township Planning correspondence, senior housing could also be pursued today via rezoning to R-2-A Multi-Family Residential (special land use, up to 3 stories) or MR Mid-Rise for added height. Buyer would meet with Township staff to confirm approach; rezoning, special land use, and site plan review required. Water/sewer available along 5 Mile Rd. See attached documents for full details. All data approximate and should be verified.

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Plymouth

Over the last 90 days, 143 homes sold in Plymouth for a median of $485,000, about $219 per square foot, and the typical one went under contract in 10 days. This home is listed at $1,850,000, and has been on the market 644 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Plymouth sales or ask us for the comparable sales on this one.

Property taxes for a new owner

The current owner pays about $11,712 a year. A buyer who lives here would pay about $30,274 a year once the taxable value resets after the sale, at the 2025 homestead rate of 32.40 mills for Plymouth Twp and Plymouth Canton 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

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