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    Caro Rd & Cooling Rd Caro, MI 48723

    Sponsored
    For Sale
    $250,000

    1.67 Acres, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.67-acre commercial land parcel presents a unique investment opportunity in Caro, Michigan. Located at the intersection of West Caro Road and Cooling Road, this property boasts significant frontage on a high-traffic thoroughfare. West Caro Road sees an average daily traffic count of 9,954 vehicles, while Cooling Road registers 1,149 vehicles per day, ensuring excellent visibility and accessibility for any commercial venture. The lot itself measures approximately 201 feet of frontage and is 279 feet deep, though its irregular shape should be considered in development planning. While the total acreage is 1.67 acres, approximately half an acre is usable due to wetlands situated in the northeastern portion of the property. This consideration is crucial for potential development plans and should be factored into any feasibility study. The property is zoned for commercial use, offering flexibility for a variety of businesses. Situated in Tuscola County, with a 48723 zip code, this location provides easy access to local amenities and a strong regional market. This prime location and substantial road frontage make this an ideal site for businesses seeking high visibility and convenient access for customers. Serious inquiries are encouraged to explore the development potential of this strategically located commercial land.

    Property Features for 0 Caro Rd & Cooling Rd

    General Information

    Property type
    Land
    Lot Size
    72,745 SF

    HighLights

    • $250,000 asking price.
    • 1.67‑acre commercial land parcel.
    • Located in Caro, MI, at W Caro Rd & Cooling Rd (48723).
    • Zoned for commercial use.
    • Features approximately 201 feet of frontage on W Caro Rd, with a depth of 279 feet.
    • High traffic count: 9,954 vehicles per day on Caro Rd and 1,149 vehicles per day on Cooling Rd.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Caro
    County
    Tuscola
    State
    Michigan
    Longitude
    -83.4809327
    Latitude
    43.4523128

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    FAQs

    What type of property is this?
    Land - 1.67 Acres, High Traffic Area
    Where is this land located?
    The property is located at Caro Rd & Cooling Rd Caro, MI.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: $250,000 asking price.; 1.67-acre commercial land parcel.; Located in Caro, MI, at W Caro Rd & Cooling Rd (48723).
    (248) 488-2620
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    Caro Rd & Cooling Rd Caro, MI 48723
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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

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    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
    Caro Rd & Cooling Rd Caro, MI 48723
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