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    4385 Van Ettan Dam Rd Oscoda, MI 48750

    For Sale
    $199,900

    Prime Riverfront Land, Redevelopment Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 2.5-acre property, located at 4385 Van Ettan Dam Rd, Oscoda, MI 48750 (APN 063-028-100-004-00), presents a unique redevelopment opportunity. Currently operating as a mobile home park, recent zoning changes allow for exciting new possibilities. The property boasts prime river frontage on the Pine River, offering stunning views and recreational potential. Public utilities are readily available, simplifying development plans. Ideal redevelopment options include apartments, condominiums, or a small residential community, catering to the growing demand in this developing area with its mix of established and new businesses. The asking price is $199,900, and land contract terms are available, subject to certain exclusions. This privately owned Class C property offers significant upside for investors seeking a prime riverfront location with substantial redevelopment potential in Iosco County, Michigan. The property is classified as an investment opportunity for redevelopment. Note that the current mobile home park has zero units.

    Property Features for 4385 Van Ettan Dam Rd

    General Information

    Property type
    Multifamily properties
    Class
    C
    Lot Size
    108,900 SF

    HighLights

    • Prime riverfront property on the Pine River in Oscoda, MI.
    • Redevelopment potential for apartments, condos, or single‑family homes.
    • Public utilities readily available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Oscoda
    County
    Iosco
    State
    Michigan
    Longitude
    -83.3390178
    Latitude
    44.4496292

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    FAQs

    What type of property is this?
    Multifamily property - Prime Riverfront Land, Redevelopment Potential
    Where is this multifamily property located?
    The property is located at 4385 Van Ettan Dam Rd Oscoda, MI.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: Prime riverfront property on the Pine River in Oscoda, MI.; Redevelopment potential for apartments, condos, or single-family homes.; Public utilities readily available.
    Request Owner's contact information
    4385 Van Ettan Dam Rd Oscoda, MI 48750
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    Oscoda, MI 48750
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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
    4385 Van Ettan Dam Rd Oscoda, MI 48750
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