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    3024 Mount Morris Rd Mount Morris, MI 48458

    Sponsored
    For Sale
    $649,000

    40 Acres, Multi-Family Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity encompasses 40 acres of prime real estate in Mt. Morris, Michigan, strategically located at 3024 W Mt Morris Road. The property boasts significant road frontage on both Clio Road (approximately 295 feet) and Mt. Morris Road (approximately 1,025 feet), providing excellent visibility and accessibility. Currently zoned for Multi-Family and Commercial uses (MDM and C2), this land offers diverse development possibilities, including commercial, office, retail, and multi-family projects. The property consists of six parcels with approved splits, presenting further expansion potential. An interior 7-acre parcel is earmarked for potential rezoning. Currently leased annually for agricultural use, the land is ready for immediate development. Comprehensive survey and environmental reports are available for review. The township is cannabis-friendly, with established ordinances in place. Seller financing may be available. This location offers convenient access to shopping, dining, Flint Bishop Airport, and major freeways. The asking price is $649,000.

    Property Features for 3024 Mount Morris Rd

    General Information

    Property type
    Restaurants
    Lot Size
    1,742,400 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply Auto Repair Shop Nail Salon Garden Center Convenience Store Daycare Center Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Morris
    County
    Genesee
    State
    Michigan
    Longitude
    -83.7374350348
    Latitude
    43.118758894836

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    FAQs

    What type of property is this?
    Restaurant - 40 Acres, Multi-Family Potential
    Where is this restaurant located?
    The property is located at 3024 Mount Morris Rd Mount Morris, MI.
    What is the asking price?
    The asking price for this property is $649,000.
    Request Owner's contact information
    3024 Mount Morris Rd Mount Morris, MI 48458
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    Mount Morris, MI 48458
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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
    3024 Mount Morris Rd Mount Morris, MI 48458
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