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    9400 M 21 Ovid, MI 48866

    Sponsored
    For Sale
    $250,000

    3.11 Acres, High-Traffic Location, $250,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.11-acre vacant land parcel presents a remarkable investment opportunity in Ovid, Michigan. Boasting prime frontage on M-21, a busy thoroughfare just east of Main Street, this property enjoys exceptional visibility and accessibility. Its strategic location offers significant advantages, situated conveniently adjacent to an existing apartment complex and the Ovid Township Hall. The property's zoning designation is RA, allowing for a variety of potential uses. This versatile land is ideal for developers seeking to construct a small-scale apartment complex, a retail center, or other commercial ventures. The parcel's size and location make it an attractive option for businesses seeking high visibility and convenient access to a well-established community. The asking price is $250,000. The property's APN is 580-013-000-070-50. This is a rare opportunity to acquire a significant land holding in a thriving Michigan community with excellent potential for future growth and development. The property's address is 9400 M-21, Ovid, MI 48866.

    Property Features for 9400 M 21

    General Information

    Property type
    Land
    Lot Size
    135,472 SF

    HighLights

    • 3.11‑acre vacant land parcel in Ovid, MI.
    • Prime M‑21 frontage, high visibility and accessibility.
    • Adjacent to apartment complex and Ovid Township Hall.
    • RA zoning allows for various commercial uses.
    • Asking price: $250,000.
    • APN: 580‑013‑000‑070‑50.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Ovid
    County
    Michigan
    State
    Michigan
    Longitude
    -84.381216855601
    Latitude
    43.001183076039

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - 3.11 Acres, High-Traffic Location, $250,000
    Where is this land located?
    The property is located at 9400 M 21 Ovid, MI.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: 3.11-acre vacant land parcel in Ovid, MI.; Prime M-21 frontage, high visibility and accessibility.; Adjacent to apartment complex and Ovid Township Hall.
    (989) 723-3711
    Request Owner's contact information
    9400 M 21 Ovid, MI 48866
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    Ovid, MI 48866
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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
    9400 M 21 Ovid, MI 48866
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