Commercial Land in Troy, Michigan, offers a unique investment opportunity for those looking to capitalize on the city's strong business presence and growing economy. As a hub for the automotive and financial sectors, Troy is home to numerous major companies, including Altair Engineering, Behr America, and Flagstar Bank, making it an attractive location for commercial development. Commercial Land in Troy can represent a range of investments, from office buildings and retail spaces to industrial parks and warehouses. With its proximity to downtown Detroit and access to major transportation facilities like Interstate 75 and the Oakland-Troy Airport, Troy is an ideal location for businesses looking to establish a presence in the region. The city's diverse demographic makeup, strong median household income, and abundance of amenities, including the Somerset Collection mall and Troy Historic Village, make it an attractive location for businesses and residents alike.
Troy's Commercial Land market offers a range of opportunities for investors, with 12 listings currently available. The average price per square foot for Commercial Land in Troy is , with an average size of square feet. The largest available property spans 0 square feet, offering ample space for development. With an average cap rate of , Commercial Land in Troy presents a compelling investment opportunity. In addition to Commercial Land, Troy also offers a range of other property types, including office spaces, retail properties, and industrial buildings, each with its own unique characteristics and investment potential. Overall, Troy's Commercial Land market offers a unique blend of business-friendly infrastructure, amenities, and investment opportunities, making it an attractive location for businesses and investors alike.
What are common commercial uses for land in the Troy market?
In Troy, Michigan, common commercial uses for land include automotive and financial sector developments, given the city's strong presence in these industries, as well as retail and office spaces, taking advantage of the city's proximity to major transportation facilities like Interstate 75 and the Oakland-Troy Airport.
With 12 available listings of commercial land for sale, investors and developers can explore opportunities for projects like office parks, shopping centers, and industrial facilities, catering to the needs of major companies based in Troy, such as Altair Engineering, Behr America, and Flagstar Bank.
What are common ways to purchase land to use in development projects?
When it comes to purchasing land for development projects in Troy, Michigan, there are several common ways to do so. For instance, investors can opt for a cash purchase, negotiate a seller-financed deal, or explore financing options through a commercial lender, all of which are discussed in our comprehensive guide on how to buy land.
