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    1388 Michigan Ave Benzonia, MI 49616

    Sponsored
    For Sale
    $260,000

    High-Visibility Commercial Land, Investment Opportunity

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 1.09-acre commercial property boasts 156 feet of prime frontage on US-31 in Benzonia, Michigan. Its strategic location offers unparalleled visibility and accessibility, situated directly across from a newly developed commercial shopping and business mall. The property is zoned commercial and features city water availability, with natural gas readily accessible. A pre-existing 32 x 100 foot foundation is already in place, significantly reducing development costs and time. The site's proximity to the bustling shopping district further enhances its appeal and potential for a variety of commercial ventures. This presents a rare opportunity to establish a business in a high-traffic area with excellent visibility. The property is conveniently located adjacent to Tractor Supply, providing additional synergy and exposure. This is an ideal investment for entrepreneurs seeking a well-positioned site with significant development potential. The asking price is $260,000. Additional adjacent land is also available for purchase, providing opportunities for expansion or future development. This property is ready for immediate development and offers a strong return on investment. Don't miss this chance to secure a prime commercial location in a thriving area.

    Property Features for 1388 Michigan Ave

    General Information

    Property type
    Industrial properties
    Lot Size
    47,480 SF

    Building Details

    Year Built
    1999
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Pharmacy Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Benzonia
    County
    Benzie
    State
    Michigan
    Longitude
    -86.10128
    Latitude
    44.61186

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    FAQs

    What type of property is this?
    Industrial property - High-Visibility Commercial Land, Investment Opportunity
    Where is this industrial property located?
    The property is located at 1388 Michigan Ave Benzonia, MI.
    What is the asking price?
    The asking price for this property is $260,000.
    (231) 882-4449
    Request Owner's contact information
    1388 Michigan Ave Benzonia, MI 49616
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1388 Michigan Ave Benzonia, MI 49616
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