Commerical or residential property, which has more value?

It depends on location, demand, and income potential. Commercial properties often yield higher returns but require more capital and management. Residential properties tend to appreciate steadily and are easier to finance and sell.

It really comes down to who the most likely buyer is. If the area is mostly commercial and a business wants the location, the land can sometimes be worth more than the house itself. But if there isn’t strong commercial demand yet, it may still sell more like a residential property. In areas like Burton where you have a mix of both, the surrounding properties usually tell the story pretty quickly.

The most prudent way to determine this is to have a highest and best use assessment completed. I would recommend engaging a top-performing agent and/or local, seasoned appraiser to aid you in that determination. It would be difficult to answer that question without having that input, even based on the summary you provided. Good luck! -Derek