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    Swc Sterns Rd. & Hwy Erie, MI 48133

    Sponsored
    For Sale
    $4,297,500

    Prime Industrial Land, Excellent Location, Development Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 143.25-acre vacant industrial land parcel presents a unique investment opportunity in Erie, Michigan. Located at the southwest corner of Sterns Road and South Dixie Highway, this property boasts a strategic position in Monroe County, just one mile north of the Ohio-Michigan border and 40 miles south of Detroit. The site is zoned I-1 & I-3, allowing for a wide range of industrial development possibilities. Priced at $30,000 per acre, the total asking price is $4,297,500. Its convenient access to major transportation arteries is a significant advantage. I-75 and US-23 are easily accessible, providing seamless connectivity to regional and national markets. Furthermore, proximity to I-80/90 (Ohio Turnpike) enhances logistical efficiency. The potential for a CSX Class 1 rail spur adds another layer of operational flexibility. This property is situated within a business-friendly community actively encouraging development, with potential incentives available from state and local agencies. The parcel's size and location make it ideal for large-scale industrial projects. Detailed due diligence information is available upon request. APN: 036-001-00

    Property Features for 0 Swc Sterns Rd. & Hwy

    General Information

    Property type
    Land
    Lot Size
    6,239,970 SF

    HighLights

    • 143.25‑acre vacant industrial land parcel in Erie, MI, ready for development.
    • Excellent access to I‑75, US‑23, and I‑80/90 (Ohio Turnpike).
    • Potential for CSX Class 1 rail spur.
    • State and local development incentives may be available.
    • Zoned I‑1 & I‑3; $30,000/acre, total price $4,297,500.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Erie
    County
    Monroe
    State
    Michigan
    Longitude
    -83.520943
    Latitude
    41.7499687

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    FAQs

    What type of property is this?
    Land - Prime Industrial Land, Excellent Location, Development Ready
    Where is this land located?
    The property is located at Swc Sterns Rd. & Hwy Erie, MI.
    What is the asking price?
    The asking price for this property is $4,297,500.
    What are key features of this property?
    This property features: 143.25-acre vacant industrial land parcel in Erie, MI, ready for development.; Excellent access to I-75, US-23, and I-80/90 (Ohio Turnpike).; Potential for CSX Class 1 rail spur.
    Request Owner's contact information
    Swc Sterns Rd. & Hwy Erie, MI 48133
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    Erie, MI 48133
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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
    Swc Sterns Rd. & Hwy Erie, MI 48133
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