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    1714 Ridgewood Dr Midland, MI 48642

    For Sale
    $499,000

    2.85-acre commercial lot near Davenport University.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 2.85-acre commercial land parcel presents a unique investment opportunity in Midland, Michigan. Located at 1714 Ridgewood Drive, this property boasts a prime location adjacent to the Davenport University campus, offering excellent visibility and accessibility. The site is situated on the east side of Midland, providing convenient access to US-10 and the nearby Dow Chemical facilities. The address is within Midland County, Michigan, and uses the zip code 48642. The property's APN is 14-13-50-308. Ridgewood Drive itself is known for its attractive setting and established presence of other office users, creating a desirable and professional environment. This 2.85-acre lot offers significant potential for various commercial developments, capitalizing on its strategic location and proximity to major employers and educational institutions. The asking price for this exceptional property is $499,000. This represents a compelling opportunity to acquire a substantial commercial land parcel in a thriving Michigan community. The property's coordinates are 43.61342296639336 latitude and -84.18415229609295 longitude.

    Property Features for 1714 Ridgewood Dr

    General Information

    Property type
    Land
    Lot Size
    124,146 SF

    HighLights

    • $499,000 asking price.
    • 2.85‑acre commercial land parcel.
    • Located in Midland, MI, APN 14‑13‑50‑308.
    • Situated near Davenport University and US‑10.
    • Minutes from Dow Chemical.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Michigan
    Longitude
    -84.184152296093
    Latitude
    43.613422966393

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    FAQs

    What type of property is this?
    Land - 2.85-acre commercial lot near Davenport University.
    Where is this land located?
    The property is located at 1714 Ridgewood Dr Midland, MI.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: $499,000 asking price.; 2.85-acre commercial land parcel.; Located in Midland, MI, APN 14-13-50-308.
    (616) 242-5171
    Request Owner's contact information
    1714 Ridgewood Dr Midland, MI 48642
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    Midland, MI 48642
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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
    1714 Ridgewood Dr Midland, MI 48642
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