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    415 Jerome Rd Midland, MI 48640

    For Sale
    $550,000

    High-traffic corner lot, mixed-use zoning.

    Property size:
    1,176 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 26,136 square foot commercial land parcel presents a unique development opportunity in the thriving city of Midland, Michigan. Located at the highly visible corner of Jerome Road (M-20) and Indian Street (Bus 10), this property boasts significant frontage on three major roadways, ensuring maximum exposure to a substantial daily traffic volume ranging from 10,000 to 18,000 vehicles, depending on the specific intersection. The site currently features a small, 1,176 square foot office building leased on a month-to-month basis, providing a potential immediate income stream while development plans are finalized. Zoned for mixed-use development, this property offers unparalleled flexibility for a variety of commercial ventures. Its prime location and high traffic counts make it an ideal investment for developers seeking a high-impact project in a dynamic and growing market. The asking price is $550,000. Don't miss this chance to capitalize on this exceptional Midland location.

    Property Features for 415 Jerome Rd

    General Information

    Property type
    Land
    Square Feet
    1,176 SF

    HighLights

    • 26,136 SF commercial land parcel in Midland, MI.
    • High‑visibility corner lot at Jerome Road (M‑20) & Indian Street (Bus 10), with significant frontage on three roadways and 10,000‑18,000 daily vehicles.
    • Includes a 1,176 SF office building with month‑to‑month lease, providing immediate income.
    • Mixed‑use zoning allows for diverse development options.
    • Asking price: $550,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Midland
    County
    Midland
    State
    Michigan
    Longitude
    -84.2451459
    Latitude
    43.6174439

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    FAQs

    What type of property is this?
    Land - High-traffic corner lot, mixed-use zoning.
    Where is this land located?
    The property is located at 415 Jerome Rd Midland, MI.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: 26,136 SF commercial land parcel in Midland, MI.; High-visibility corner lot at Jerome Road (M-20) & Indian Street (Bus 10), with significant frontage on three roadways and 10,000-18,000 daily vehicles.; Includes a 1,176 SF office building with month-to-month lease, providing immediate income.
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    415 Jerome Rd Midland, MI 48640
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    Midland, MI 48640
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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
    415 Jerome Rd Midland, MI 48640
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