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    338 Jackson St Coleman, MI 48618

    Sponsored
    For Sale
    $99,900

    Three vacant lots, prime development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional offering presents three contiguous vacant lots totaling approximately 1.156 acres, ideally situated in Coleman, Michigan. The property boasts a strategic location less than five miles from Coleman's vibrant downtown area and in close proximity to US-10, providing convenient access to regional transportation networks. The lots are zoned R-1, allowing for single-family residential development, with the possibility of R-2 zoning, opening doors to multi-family residential projects. This presents a unique opportunity for developers seeking to capitalize on the growing demand for housing in this area. The individual lot sizes are approximately 0.83 acres, 0.79 acres, and 0.36 acres, offering flexibility for various development scenarios. The parcels are identified by APN numbers 170-006-000-551-00

    Property Features for 338 Jackson St

    General Information

    Property type
    Land
    Lot Size
    15,682 SF

    HighLights

    • Three contiguous vacant lots totaling 1.156 acres.
    • Lots measure approximately 0.83 acres, 0.79 acres, and 0.36 acres.
    • R‑1 (single‑family) zoning with potential for R‑2 (multi‑family) rezoning.
    • Located less than five miles from downtown Coleman, MI, and near US‑10.
    • Raw land ideal for residential development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Pharmacy Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Coleman
    County
    Midland
    State
    Michigan
    Longitude
    -84.58717013
    Latitude
    43.75405851

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    FAQs

    What type of property is this?
    Land - Three vacant lots, prime development opportunity.
    Where is this land located?
    The property is located at 338 Jackson St Coleman, MI.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: Three contiguous vacant lots totaling 1.156 acres.; Lots measure approximately 0.83 acres, 0.79 acres, and 0.36 acres.; R-1 (single-family) zoning with potential for R-2 (multi-family) rezoning.
    Request Owner's contact information
    338 Jackson St Coleman, MI 48618
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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
    338 Jackson St Coleman, MI 48618
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