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    208 Development Dr Hillsdale, MI 49242

    Sponsored
    For Sale
    $79,200

    3.96 Acres, I-1 Zoning, Great Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 3.96-acre parcel presents a rare opportunity for industrial development in Hillsdale, Michigan. Located at 208 Development Drive, this property is zoned I-1, Light Industrial, and boasts convenient access to major highways. The site is just three minutes from Hillsdale Airport, offering significant logistical advantages. All utilities are readily available, making this land ideal for immediate development. The asking price is $79,200, translating to $20,000 per acre. The property's location within a Michigan Certified Business Park provides access to potential tax abatements for qualified users through an established Industrial Development District. The parcel number is 30-006-221-201-02. Hillsdale is a community actively supporting business growth, making this a prime investment opportunity for industrial projects. This is a unique chance to secure land in a thriving area with excellent infrastructure and a supportive local government. The property's strategic location and zoning make it an attractive prospect for a variety of industrial uses. Don't miss this chance to acquire this valuable industrial land in a rapidly developing area.

    Property Features for 208 Development Dr

    General Information

    Property type
    Land
    Lot Size
    172,498 SF

    HighLights

    • $79,200 asking price for 3.96 acres of industrial land.
    • I‑1 Light Industrial zoning.
    • $20,000 per acre land value.
    • Located at 208 Development Dr, Hillsdale, MI 49242 (APN: 30‑006‑221‑201‑02).
    • Excellent highway access and proximity to Hillsdale Airport.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Hillsdale
    County
    Hillsdale
    State
    Michigan
    Longitude
    -84.6594265
    Latitude
    41.9393337

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    FAQs

    What type of property is this?
    Land - 3.96 Acres, I-1 Zoning, Great Location
    Where is this land located?
    The property is located at 208 Development Dr Hillsdale, MI.
    What is the asking price?
    The asking price for this property is $79,200.
    What are key features of this property?
    This property features: $79,200 asking price for 3.96 acres of industrial land.; I-1 Light Industrial zoning.; $20,000 per acre land value.
    Request Owner's contact information
    208 Development Dr Hillsdale, MI 49242
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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
    208 Development Dr Hillsdale, MI 49242
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