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    Monroe Rd Durand, MI 48429

    Sponsored
    For Sale
    $139,900

    7.27 Acres, R-M Zoning, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 7.269-acre vacant land parcel presents a remarkable opportunity for multifamily development in Durand, Michigan. Ideally situated in a high-demand area, the property boasts R-M zoning, allowing for the construction of multi-unit residential buildings. The lot is partially cleared, simplifying site preparation and expediting the development process. Its advantageous location offers convenient access to essential amenities and major transportation routes. Backed up to established Country Village Apartments and Durand Senior Care and Rehab Center, this site benefits from existing infrastructure and a strong residential presence. Within walking distance, residents will find Dollar General, FedEx, Family Dollar, and the Monroe Shopping Center, ensuring convenient access to daily necessities. Furthermore, the property enjoys exceptional connectivity, being just three-quarters of a mile from the I-69 interchange, providing easy commutes to Flint (15 minutes) and Lansing (30 minutes). The property's APN is 020-82-014-008-02. This is a rare opportunity to acquire a sizable, well-located parcel primed for a lucrative multifamily project. The asking price is $139,900. The address is Monroe Rd, Durand, MI 48429.

    Property Features for 0 Monroe Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    316,638 SF

    HighLights

    • 7.269‑acre vacant land parcel in Durand, MI, ideal for multifamily development.
    • R‑M zoning allows multi‑unit residential construction.
    • Partially cleared lot simplifies site preparation.
    • Convenient access to I‑69, amenities, and major transportation routes.
    • Adjacent to existing residential developments.
    • Asking price: $139,900.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Durand
    County
    Shiawassee
    State
    Michigan
    Longitude
    -83.990432393805
    Latitude
    42.921400394713

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    FAQs

    What type of property is this?
    Multifamily property - 7.27 Acres, R-M Zoning, Prime Location
    Where is this multifamily property located?
    The property is located at Monroe Rd Durand, MI.
    What is the asking price?
    The asking price for this property is $139,900.
    What are key features of this property?
    This property features: 7.269-acre vacant land parcel in Durand, MI, ideal for multifamily development.; R-M zoning allows multi-unit residential construction.; Partially cleared lot simplifies site preparation.
    (989) 723-3711
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    Monroe Rd Durand, MI 48429
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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
    Monroe Rd Durand, MI 48429
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