Property profile

0 Reil Rd Vassar, MI 48768

OFF-MARKET
Land
19.66 ac lot
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Property summary

AI-generated overview

This exceptional 19.66-acre commercial land parcel in Vassar, Michigan, presents a unique investment opportunity. Located in Tuscola County, with APN 020-026-000-1000-06, the property is zoned for Residential Agriculture, offering flexibility for various development projects. The asking price is $500,000, translating to approximately $25,432 per acre. The land boasts a secluded, natural setting, featuring a mostly wooded area, a natural creek, and a small lake. Its tranquil location is ideal for a quiet residential development, yet its zoning may also permit cannabis cultivation, presenting an alternative investment avenue. Situated conveniently near the intersection of M-46 and M-15, the property offers both privacy and accessibility. While the property is largely wooded, an estimated $100,000 would be required for land clearing. This property is located north of Lapeer and northeast of Flint, offering a compelling blend of rural serenity and strategic location. The address is Reil Rd, Vassar, MI 48768. This is a rare opportunity to acquire a substantial land parcel with significant development potential in a desirable Michigan location.

Property profile

Verified
Property type Land
Lot 19.66 ac (856,390 SF)

Cap rate & NOI

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

Location

Reil Rd Vassar, MI 48768
Vassar 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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