Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1217 Frances Rd Mount Morris, MI 48458

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    0.64 acres, General Commercial Zoning, Cannabis-Ready

    Property Features for 1217 Frances Rd

    General Information

    Property type
    Land
    Lot Size
    28,009 SF

    We can help!

    Listing Contact
    Larry Balone
    Larry Balone

    Listing Agency: Insite Commercial Listing Agent: Larry Balone

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 0.643-acre commercial land parcel, located at 1217 E Frances Rd, Mount Morris, MI 48458 (APN 17-31-300-010), presents a unique investment opportunity. Zoned GC (General Commercial), this property is ideally suited for a wide range of commercial ventures, particularly those within the cannabis industry. The zoning specifically permits cannabis cultivation, provisioning, processing, secure transportation, and safety/compliance operations. The generous lot size, measuring approximately 80 feet by 350 feet, offers ample space for development. The property's location in Genesee County provides convenient access to major transportation routes and a growing market. Importantly, unlimited facility licenses are available in the nearby Thetford Township, further enhancing the potential for significant returns. The asking price is $24,950, translating to approximately $38,781 per acre. While property taxes were approximately $445.36 in 2019, prospective buyers should independently verify current tax assessments. This is a rare opportunity to acquire strategically zoned land with significant potential in a thriving market. Don't miss out on this chance to secure a prime location for your next commercial endeavor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Morris
    County
    Genesee
    State
    Michigan
    Longitude
    -83.686498
    Latitude
    43.13498

    Nearby Similar for Sale

    • New
      $145,000
      1,900 SF

      Mt. Morris Opportunity For Sale

      Clean, well-maintained property with potential for residential or commercial use.
      6577 Garden Dr, Mount Morris, MI 48458
      View Details
    • $199,900
      2,180 SF

      Mt. Morris Medical Office

      Remodeled medical office in high-traffic area near downtown.
      8434 N Saginaw Rd, Mount Morris, MI 48458
      View Details
    • New
      $350,000
      1,700 SF

      Turn-Key Florist Shop Opportunity

      Established florist shop with real estate, equipment, and inventory.
      755 E Mount Morris St, Mount Morris, MI 48458
      View Details
    • $350,000
      1,700 SF

      Established Florist Shop with Real Estate

      Turn-key florist shop with real estate, equipment, and inventory.
      755 E Mount Morris St, Mount Morris, MI 48458
      View Details
    • New
      Contact for pricing
      3,055 SF

      Mount Morris Commercial Property

      Commercial property in downtown Mt. Morris prime business district.
      11738 N Saginaw St, Mount Morris, MI 48458
      View Details
    • $85,000
      1,536 SF

      Mount Morris Multi-Family Property

      Two-unit property with recent updates in Mount Morris, Michigan.
      11145 N Saginaw St, Mount Morris, MI 48458
      View Details
    • $2,900,000

      Commercial Building with I-75 Frontage

      Turnkey retail space with high traffic exposure on I-75.
      4330 W Mount Morris Rd, Mount Morris, MI 48458
      View Details
    • $239,900

      Tenant-Occupied Commercial Building in Mt. Morris

      Commercial building with multiple office suites and income potential.
      727 E Mount Morris St, Mount Morris, MI 48458
      View Details
    • Contact for pricing

      Two-Bedroom Apartment in Mt. Morris

      Two-bedroom apartment in Genesee School District with included heat and water.
      7423 Roger Thomas #1 Dr, Mount Morris, MI 48458
      View Details
    • $285,000

      Versatile Flex Space Opportunity

      4,960 SF flex building with warehouse and office space.
      8107 N Dort Hwy, Mount Morris, MI 48458
      View Details
    • $215,000

      Mixed-Use Property on Corner Lot

      Live and work in the same place!
      705 Maple St, Mount Morris, MI 48458
      View Details
    • $150,000

      Commercial Building on Large Lot

      Commercial building on 1.4 acres near I-475.
      6465 N Saginaw St, Mount Morris, MI 48458
      View Details

    FAQs

    What type of property is this?
    Land - 0.64 acres, General Commercial Zoning, Cannabis-Ready
    Where is this land located?
    The property is located at 1217 Frances Rd Mount Morris, MI.
    What is the asking price?
    The asking price for this property is $24,950.
    What are key features of this property?
    This property features: Cannabis cultivation, provisioning, and processing permitted; secure transportation and safety compliance zoning.; Thetford Township allows unlimited facility licenses.; Suitable for both medical and adult-use cannabis operations.
    (248) 470-5340 Call to check price and availability
    Request Owner's contact information
    1217 Frances Rd Mount Morris, MI 48458
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1217 Frances Rd
    Mount Morris, MI 48458
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1217 Frances Rd Mount Morris, MI 48458
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Larry Balone
    Larry Balone
    Real Estate License ID: 6501321214
    (248) 470-5340
    Learn more
    Google sign-in failed. Please try again or use another login method.