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Commercial Land with Road Access
For Sale
$58,000

V/L Parcel 3 E Greenwood Road, Prescott, MI 48756

B-3 highway-business zoning permits a range of commercial uses, including retail, restaurants, offices and drive-through businesses.

Property SizeContact for details
Days on Market15

Property Features for V/L Parcel 3 E Greenwood Road

General Information

Standard status Active
Property subtype Vacant Land

Amenities

Lot Size Acres: 4, One Lot, Land Frontage in Feet: 440
Percentage of Tax that is Deductable: 0
Sale, Sale Type: Foreclosure
School District: Whittemore-Prescott Area Schools
Property Township: Mills
Property Zone Type: 200
Listing Agency: Mossy Oak Properties Michigan Outdoors
Listed By: Taran Kennedy
Source: Doyle-realty
Added: Oct 2 Changed: Oct 15 Last Checked: Oct 14 at 11:24PM

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 Mossy Oak Properties Michigan Outdoors

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Investment Insights

Based on property information with market context.

This 4-acre commercial parcel has a rectangular shape, level terrain and mature trees. It is zoned B-3 Highway Business, with 440 feet of frontage on E Greenwood Road and direct access from the road. Natural gas and electric service are available at the roadside. Uses allowed by right include retail stores, restaurants, bars, professional and medical offices, banks, motels, vehicle service stations, car washes and drive-through businesses; buyers should confirm intended uses with Ogemaw County Planning & Zoning.

Skidway Lake lies across E Greenwood Road. A boat ramp, boardwalk and sand beach are within a minute of the property. The town is a short drive from I-75 and has local services including a grocery store, gas station, library, parks and ball fields.

Key Highlights

  • 4‑acre commercial parcel zoned B‑3 Highway Business
  • 440 feet of frontage on E Greenwood Road, with direct road access
  • Natural gas and electric service available at the road

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Building Supply Real Estate Agency Restaurant Plumbing Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store

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

42
Businesses Nearby

Demographics for 48756, MI

4,057
Population
3,087
Households
1.3
Avg Household Size
49
Median Age
7%
College-Educated
83%
High-School Grad
79.9 sq mi
ZIP Area
51
Density / Sq Mi
$39,435
Median Household Income
$27,367
Median Earnings
$851
Median Rent
$85,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Commercial land - B-3 highway-business zoning permits a range of commercial uses, including retail, restaurants, offices and drive-through businesses.
Where is this commercial land located?
The property is located at V/L Parcel 3 E Greenwood Road Prescott, MI.
What is the asking price?
The asking price for this property is $58,000.
What are key features of this property?
This property features: 4‑acre commercial parcel zoned B‑3 Highway Business; 440 feet of frontage on E Greenwood Road, with direct road access; Natural gas and electric service available at the road
More about this property
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