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    Michigan St Lake City, FL 32025

    For Sale
    $398,000

    Prime Commercial Land, Excellent Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 4-acre commercial land parcel presents a remarkable investment opportunity in the thriving Lake City, Florida market. Ideally situated between US Highway 41 and Florida State Road 47, this property boasts unparalleled accessibility and high visibility. Its central location offers convenient access to a wide range of businesses and amenities, making it an attractive site for various commercial ventures. The land is designated as a middle lot, providing ample space for development and strategic positioning within the local commercial landscape. The property's proximity to Meridian Healthcare further enhances its appeal, offering potential synergies and a strong foundation for future growth. With its strategic location and substantial acreage, this parcel represents a rare chance to acquire a prime piece of commercial real estate in a rapidly developing area. The asking price is $398,000. The property is located at SW Michigan St, Lake City, FL 32025, in Columbia County. Detailed site surveys and zoning information are readily available upon request. This is a truly exceptional opportunity for investors seeking a high-potential commercial land investment in a desirable Florida location. Don't miss out on this chance to secure a piece of Lake City's burgeoning commercial sector.

    Property Features for 0 Michigan St

    General Information

    Property type
    Land
    Lot Size
    174,240 SF

    HighLights

    • $398,000 asking price.
    • 4‑acre commercial land parcel.
    • Located in Lake City, Florida, zip code 32025.
    • Situated between US Hwy 41 and FL‑47.
    • Adjacent to Meridian Healthcare.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lake City
    County
    Columbia
    State
    Florida
    Longitude
    -82.64693943786
    Latitude
    30.156018164028

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, Excellent Location
    Where is this land located?
    The property is located at Michigan St Lake City, FL.
    What is the asking price?
    The asking price for this property is $398,000.
    What are key features of this property?
    This property features: $398,000 asking price.; 4-acre commercial land parcel.; Located in Lake City, Florida, zip code 32025.
    Request Owner's contact information
    Michigan St Lake City, FL 32025
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    Lake City, FL 32025
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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
    Michigan St Lake City, FL 32025
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