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M1 Commercial Land Parcel

1000 Industrial Boulevard, Albion, MI 49224

For Sale
$50,000

Vacant parcel offered through a land bank development program with stated overlay provisions for select commercial and industrial uses.

Property Size173,804 SF
Price / SF$0.29
Days on Market1723

Property Features for 1000 Industrial Boulevard

General Information

Standard status Active
Size 173,804 SF
Property subtype Land / Lot
Zoning M1

Amenities

0.0
Listing Agency: Coldwell Banker Morehart Realty
Listed By: Melissa Kennedy · License #6501385948
Source: Compass
Added: Feb 19, 2022 Changed: Nov 6 Last Checked: Nov 6 at 11:22AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Morehart Realty

Rey
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Investment Insights

Based on property information with market context.

This vacant commercial land parcel measures 173804 in the property record and carries M1 zoning. It is being offered through the Calhoun County Land Bank’s Develop This Lot program, which supports proposed housing, commercial, industrial, and mixed-use development projects.

The property is located at 1000 Industrial Boulevard in Albion, Michigan. The applicable overlay provisions identify marijuana growing, processing, safety compliance, secure transporter, and provisioning centers among the uses allowed in the area. Buyers must verify building and zoning requirements with the local municipality. Environmental Site Assessments and a development plan are required, and offer submissions must include proof of funds and a preliminary questionnaire.

Key Highlights

  • M1‑zoned vacant commercial land
  • 173804 property‑size measurement in the listing record
  • Available through the Calhoun County Land Bank Develop This Lot program

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Suggested Use

Top Pick Real Estate Agency Restaurant Big Box & Wholesale Store Building Supply Hair Salon Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

51
Businesses Nearby

Demographics for 49224, MI

13,199
Population
5,277
Households
2.5
Avg Household Size
36
Median Age
19%
College-Educated
88%
High-School Grad
99.9 sq mi
ZIP Area
132
Density / Sq Mi
$52,552
Median Household Income
$28,136
Median Earnings
$846
Median Rent
$119,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Commercial land in Albion

Jul
Aug
Sep
Oct

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025

Frequently Asked Questions

What type of property is this?
Commercial land - Vacant parcel offered through a land bank development program with stated overlay provisions for select commercial and industrial uses.
Where is this commercial land located?
The property is located at 1000 Industrial Boulevard Albion, MI.
What is the asking price?
The asking price for this property is $50,000.
What are key features of this property?
This property features: M1‑zoned vacant commercial land; 173804 property‑size measurement in the listing record; Available through the Calhoun County Land Bank Develop This Lot program
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