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Property profile & analytics
FOR SALE
Commercial real estate

1 E Main St Milan, MI 48160

0.07 ac lot
Individually Owned Free & Clear
Property ID
US43-1649858
Property summary
AI-generated overview

This exceptional 52+-acre industrial property presents a unique investment opportunity in Milan, Michigan. Strategically located at the southwest intersection of US-23 (Plank Road exit), it boasts an impressive 725 feet of highway frontage and an additional 200 feet of Main Street frontage, ensuring unparalleled visibility and accessibility. The property comprises multiple parcels zoned for highway commercial and mixed-use residential development, offering considerable flexibility for a variety of uses. Currently, the land is heavily wooded, featuring a cleared area at the front and adjoining southern parcels used for farming. The property's advantageous location also includes frontage on Gump Lake and borders City of Milan-owned properties. Essential utilities are readily available, with city water, sewer, and natural gas services accessible at the street. The sale includes Parcel ID# 58-53-040-256-00 (Parcel C), and portions of Parcel D and Parcel F (north of the river), ID# 53-040-262-00 and ID# 53-040-264-00, contingent upon land division. This significant landholding offers substantial potential for developers and investors seeking to capitalize on Milan's ongoing growth and prime location along a major highway. The combination of size, location, and zoning makes this a truly exceptional opportunity. The asking price is $1,800,000.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.07 ac (3,049 SF)
Zoning code D-1-W/C
APN 19-19-35-454-001
UPID US43-1649858
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
JOHN COLLINS
JOHN COLLINS
Zoning & alternative use
D-1-W/C · Milan, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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