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    St. Ignace, MI 49781

    For Sale
    $192,900

    Prime Commercial Land, US-2 Frontage, MI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional commercial land offering presents a unique investment opportunity in St. Ignace, Michigan. Located on busy US-2, just west of the I-75 and Mackinac Bridge business loop, this property boasts large tracts of development-ready frontage. Conveniently situated in Moran Township, the land offers the advantage of a lower tax base compared to the city, while still providing access to city water and electric services. Several parcels are available, with some offering desirable views overlooking a golf course or proximity to the established business strip. This prime location benefits from high visibility and accessibility, making it ideal for a variety of commercial ventures. The property's strategic position within Mackinac County, the gateway to Michigan's Upper Peninsula, ensures exposure to a significant tourist and local market. Currently priced at $192,900, this represents a substantial discount compared to prices from a decade ago, presenting a compelling value proposition for discerning investors. The flexible parcel sizes allow for tailored development plans to suit diverse business needs. Don't miss this chance to secure a piece of this thriving commercial corridor in a stunning four-season destination. The property is zoned for commercial use and is ready for immediate development.

    Property Features for 0

    General Information

    Property type
    Land

    HighLights

    • $192,900 asking price for commercial land.
    • Located in St. Ignace, MI, on busy US‑2 near I‑75 and Mackinac Bridge.
    • Large tracts available, with potential for splitting; city water and electric available.
    • Attractive tax base (Moran Township), significantly lower than city rates.
    • Some parcels offer golf course views or adjacency to the business strip.
    • Currently priced 70% below 10 years ago.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    St. Ignace
    County
    Mackinac
    State
    Michigan
    Longitude
    -84.8906455
    Latitude
    45.9277829

    Nearby Comparable

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      St. Ignace Commercial Land - US-2 Frontage

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      St. Ignace Commercial Land - $499K

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      St. Ignace Commercial Land - $370K

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    • $42,500
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      20 Acres Vacant Land

      20 acres of vacant land near Mackinaw Bridge.
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    • $399,500
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      St. Ignace Commercial Building

      Prime Location, 5812 sq ft
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    • $2,200,000
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      Waterfront Land Near St. Ignace

      51-acre waterfront property with development potential near St. Ignace, MI.
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    Nearby Similar for Sale

    • $399,500
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      St. Ignace Commercial Building

      Prime Location, 5812 sq ft
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      View Details

    FAQs

    What type of property is this?
    Land - Prime Commercial Land, US-2 Frontage, MI
    Where is this land located?
    The property is located at St. Ignace, MI.
    What is the asking price?
    The asking price for this property is $192,900.
    What are key features of this property?
    This property features: $192,900 asking price for commercial land.; Located in St. Ignace, MI, on busy US-2 near I-75 and Mackinac Bridge.; Large tracts available, with potential for splitting; city water and electric available.
    (906) 680-0051
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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
    St. Ignace, MI 49781
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