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Washtenaw
10467 Willis Road
$110,000
● Land - Off Market

10467 Willis Road

Willis, MI 48191
bedrooms
Studio
bathrooms
0 Bath
$124,872
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

Zoned General Commercial vacant land is ready for development in Willis, MI on main road  with easy access to I-94 or I-275. Suitable for pharmacy, grocery store, supermarket,  convenience mart, discount store, auto service station, car wash, bakery, butcher, bank,  credit union, insurance, personal services business, laundromat, dollar store,  restaurant, health club, child care, funeral home, theater, college, or other retail  stores. Private club, lodge, or child day care. Professional offices for doctors,  dentist, lawyer, architect, engineering, etc.
Unit Size
-
Days on Market
-
Land Size
5.23 acres
Price per sqft
-
Property Type
Land
Property Taxes
$132
HOA Dues
-
Year Built
-

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MichRIC MLS #23063678)

Price History

Date / Event Date Event Price
Nov 30, 2021 Sold
Premium
Sold
Sep 27, 2021 Sold
Premium
Sold
Oct 26, 2018 Listed by Real Estate One $110,000
Listed by Real Estate One
Mar 9, 2016 Sold
Premium
Sold
Sep 29, 1995 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 227,819
  • Lot Size Depth Feet: 3,000
  • Lot Size Frontage Feet: 7,600
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000005230
  • Standard Land Use Code: 8001
  • County Land Use Code: 402
  • Legal Description 1: TRF 07/21/95 *OLD SID - T 20-001-067-00 AU 1-45-A COM AT S 1/4 POST OF SEC, THN89 DEG 43' W 170 FT IN S LINE OF SEC FOR PL OF

Neighborhood

  • School District Name: Lincoln Consolidated School District
  • School Tax School District: LINCOLN
  • Census Tract: 420000

Zoning

  • Zoning: BLANK

Geography

  • District: T
  • Parcel: T -20-01-395-005
  • Block: 395
  • Meridian: SEC 01 TWN 4S RNG 7E
  • Municipality: AUGUSTA TWP
  • Latitude: 42.159
  • Longitude: -83.5534

    Address

  • Full Address: 10467 Willis Rd
  • Address - House Number: 10467
  • Address - Street Name: Willis
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Willis
  • Carrier Code: R092
  • 4-Digit Zip Code: 9743
  • Zip Code: 48191

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $149,398
  • Initial Tax Delinquent Year: 2020
  • Tax Rate Code Area: T

    Market Valuation

  • Market Total Value: $66,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $33,100

    Sales

  • Current Sale Contract Date: Sep 22, 2021
  • Current Sale Recording Date: Nov 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6625101
  • Previous Sale Recording Date: Mar 09, 2016
  • Previous Sale Contract Date: Mar 04, 2016
  • Previous Sale Amount: $70,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Washtenaw

Stats & Trends

Median Asking:

$449,900

Sale Price/ft²

$230

Below Asking

0.02%

Average Days on Market

48

Average Home Size

2064 ft²

Average Home Age

57.8 years

Currently For Sale

671 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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MichRIC

Listed by: Wayne W Esch, Real Estate One
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23063678
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 10467 Willis Road built and last sold?
The property at 10467 Willis Road was built in and last sold on Sep 22, 2021 for $110,000.
How much is this home worth?
The estimated value of the home located at 10467 Willis Road is $0.
What are some comparable homes to 10467 Willis Road?
There are currently no comparable homes to 10467 Willis Road.
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