9400 M 21 Ovid, MI 48866
This exceptional 3.11-acre vacant land parcel presents a remarkable investment opportunity in Ovid, Michigan. Boasting prime frontage on M-21, a busy thoroughfare just east of Main Street, this property enjoys exceptional visibility and accessibility. Its strategic location offers significant advantages, situated conveniently adjacent to an existing apartment complex and the Ovid Township Hall. The property's zoning designation is RA, allowing for a variety of potential uses. This versatile land is ideal for developers seeking to construct a small-scale apartment complex, a retail center, or other commercial ventures. The parcel's size and location make it an attractive option for businesses seeking high visibility and convenient access to a well-established community. The asking price is $250,000. The property's APN is 580-013-000-070-50. This is a rare opportunity to acquire a significant land holding in a thriving Michigan community with excellent potential for future growth and development. The property's address is 9400 M-21, Ovid, MI 48866.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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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.