0 Maplewood Dr Fort Gratiot Township, MI 48059
This exceptional 3.45-acre property in Fort Gratiot Township, Michigan, presents a unique investment opportunity. Located on Maplewood Drive, this land boasts 11 buildable lots, perfect for residential development. The property is zoned R-1A*, offering flexibility for various residential projects. Seven prime parcels are available, each offering exclusive use and privacy via a well-maintained private road. A significant advantage is the included beach access rights. Site plans have undergone township review and are deemed feasible, streamlining the development process. The seller is open to dividing the land into three separate sections, providing flexibility for potential buyers. The property's APN numbers are 74-20-468-0112-000, 74-20-468-0098-000, 74-20-468-0113-000, and 74-20-468-0095-000. This is a rare chance to acquire a substantial piece of land in a desirable location with pre-approved development plans, offering significant potential for return on investment. The asking price for this prime residential land is $199,900. The property is privately owned and located in St. Clair County, Michigan, zip code 48059.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.