For Sale
141 W Elizabeth Street, Lake Orion, MI 48362
$500,000
MLS # 20261041612 (Realcomp)
0.79 acres
1 / 5
Listing Description
Great potential in this prime building lot in the Village of Lake Orion. This listing is for 2 lots. The listing info is for 141 W Elizabeth, property ID #0902403022 (the legal shown for this parcel only). The second lot to the west is parcel ID #0902403021. The overall lot size listed is for both parcels. All utilities available. There is an existing driveway and sidewalk. The zoning, per the Village, is both residential and planned unit development/multifamily. Looks possible to build a single family home, 2 homes (one on each lot) or multifamily (check with the village). The prior owner was contemplating building a sixteen unit apartment building. The information contained in this listing is deemed reliable but not guaranteed. Buyer to fully research ALL aspects of these parcels (zoning, utility location, building sizes/types, etc.). Survey in documents. Please have your agent make an appointment in ShowingTime so that we know when someone is walking the lots. Seller is related to a licensed broker in the state of Michigan.
Source: SparkMLS
About this home
Currently offered at $500,000.
Annual property taxes run approximately $2,190 ($183/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeLand
Bathrooms0
Lot Size0.79 acres
Location
CityLake Orion
MunicipalityOrion Charter Twp
Zip Code48362
CountyOakland
School DistrictLake Orion
Sale & Financing
Listed6/3/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$2,190
State Equalized Value$40,870
Taxable Value$34,850
Parcel #0902403022
Source: Public Records
Legal Description
T4N, R10E, SEC 2 SUPERVISOR'S PLAT NO 8 PART OF LOT 7 BEG AT PT DIST S 88-18-30 E 388.05 FT & S 83-50-10 E 44.10 FT & S 69-19-01 E 107.93 FT & S 58-36-42 E 20.43 FT FROM NW LOT COR, TH S 58-36-42 E 86.47 FT, TH S 29-55-31 W 192.21 FT, TH N 88-59-06 W 48.22 FT, TH N 01-49-22 E 96.60 FT, TH N 30-17-42 E 132.29 FT TO BEG 7-26-05 FR 002 5-8-19 CORR
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by John Graham
John Graham Realty, LLC
Frequently Asked Questions about 141 W Elizabeth Street, Lake Orion, MI 48362
Which school district serves 141 W Elizabeth Street, Lake Orion, MI 48362?
Per MLS# 20261041612, 141 W Elizabeth Street, Lake Orion, MI 48362 is in the Lake Orion boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Lake Orion directly to confirm enrollment eligibility.
What financing options are available for 141 W Elizabeth Street, Lake Orion, MI 48362?
Per MLS# 20261041612, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 141 W Elizabeth Street, Lake Orion, MI 48362?
Per public tax records, annual property taxes for this property are $2,190. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 141 W Elizabeth Street, Lake Orion, MI 48362 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 141 W Elizabeth Street, Lake Orion, MI 48362 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 141 W Elizabeth Street, Lake Orion, MI 48362?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Oakland County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
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Monthly payment$3,243
Principal & interest$3,243
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
141 W Elizabeth Street, Lake Orion, MI 48362
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Municipality
Orion Township
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County
Oakland County
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