Property profile

9400 M 21 Ovid, MI 48866

OFF-MARKET
Land
3.11 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 3.11 ac (135,472 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

9400 M 21 Ovid, MI 48866
Ovid metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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