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    M-24 And M-90 Fostoria, MI 48435

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    For Sale
    Contact for pricing

    13.6 Acres, Dual Road Frontage, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 13.6-acre commercial land parcel presents a unique investment opportunity in Fostoria, Michigan. Strategically located at the Northwest and Northeast corners of M-24 and M-90, this property boasts significant frontage on both major roadways: approximately 350 feet on M-90 and 500 feet on M-24, ensuring high visibility and accessibility. The land is comprised of two distinct sections: approximately 4.9 acres zoned R-1 (Agricultural Residential) in the Northwest corner, and approximately 8.7 acres zoned C (Commercial) in the Northeast corner. This dual zoning offers flexibility for a variety of development options. The property's ideal location makes it suitable for a wide range of commercial uses, including retail development such as a retail pad, gas station, or strip mall. With its substantial size, prime location, and dual road frontage, this property represents a rare chance to acquire a highly visible and versatile commercial land parcel in a growing area. The Livingston County location and 48435 zip code add to its appeal. The asking price is $150,000 per acre.

    Property Features for M-24 And M-90

    General Information

    Property type
    Land
    Lot Size
    592,416 SF

    HighLights

    • 4.9‑acre residential parcel (NWC zoning).
    • 8.7‑acre commercial parcel (NEC zoning).
    • 13.6‑acre total land area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Fostoria
    County
    Livingston county
    State
    Michigan
    Longitude
    -83.3136727
    Latitude
    43.2192211

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    FAQs

    What type of property is this?
    Land - 13.6 Acres, Dual Road Frontage, High Visibility
    Where is this land located?
    The property is located at M-24 And M-90 Fostoria, MI.
    What are key features of this property?
    This property features: 4.9-acre residential parcel (NWC zoning).; 8.7-acre commercial parcel (NEC zoning).; 13.6-acre total land area.
    Request Owner's contact information
    M-24 And M-90 Fostoria, MI 48435
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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
    M-24 And M-90 Fostoria, MI 48435
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