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    OFF-MARKET
    Land

    0 Reil Rd, Vassar, MI 48768

    19.66 ac lot
    Property ID
    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
    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
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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