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    1235 Erie Rd Erie, MI 48133

    Sponsored
    For Sale
    $2,900,000

    Successful Farm, 62 Acres, Multiple Income Streams

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 62-acre property, located at 1235 Erie Rd, Erie, MI 48133 (APN: 05 018 040 00), presents a rare opportunity to acquire a thriving agricultural and retail business. Erie Orchards and Cider Mills boasts five buildings and auxiliary structures, all situated on land zoned for agricultural commercial use. The orchard currently harvests approximately 15,000 bushels of apples annually from over 1,000 trees in its u-pick orchard. Beyond apple production, the business generates significant revenue through diverse offerings including pumpkin, blueberry, and peach picking

    Property Features for 1235 Erie Rd

    General Information

    Property type
    Farms
    Lot Size
    2,711,174 SF

    Building Details

    Buildings
    5

    HighLights

    • 62‑acre parcel
    • Five buildings and auxiliary structures
    • Profitable, established business with consistent revenue
    • Multiple income streams from diverse agricultural products
    • Purchase price below replacement cost
    Property Profile Location Intelligence

    Current Use by Public Records

    Erie Orchards & Cider ... Orchard

    Suggested Use

    Food Market Bar & Pub Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Monroe
    State
    Michigan
    Longitude
    -83.4856913
    Latitude
    41.7550489

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    FAQs

    What type of property is this?
    Farm - Successful Farm, 62 Acres, Multiple Income Streams
    Where is this farm located?
    The property is located at 1235 Erie Rd Erie, MI.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: 62-acre parcel; Five buildings and auxiliary structures; Profitable, established business with consistent revenue
    Request Owner's contact information
    1235 Erie Rd Erie, MI 48133
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    Erie, MI 48133
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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
    1235 Erie Rd Erie, MI 48133
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