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    OFF-MARKET
    Land

    11000 Sooten Rd, Manchester, MI 48158

    39.56 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 39.56-acre property in Manchester, Michigan, presents a unique investment opportunity. Located on Sooten and Hogan Roads, on the southeast edge of the village and just off M-52, this land boasts 23 acres of open, previously farmed land, ideal for agricultural use or redevelopment. A central 3-acre pond/wetland adds to the property's natural beauty and ecological value. The remaining acreage is wooded, providing ample space for privacy and potential building sites. Annexed into the Village in 2006, the property received preliminary approval for a Planned Unit Development (PUD) of 68 lots, serviced by municipal water and sewer. This suggests significant potential for residential development. An existing pole barn is included in the sale "as is." The property's convenient location offers easy access to downtown Manchester, Ann Arbor, and Jackson. Its proximity to paved roads (Hogan Road, Adrian Street, and Parr Street) enhances its accessibility. The abundant deer habitat makes it attractive for those seeking a private estate. The owner is open to considering land contract terms, requiring 20% down, market rate interest, and a balloon payment within 3-5 years, subject to buyer qualification. The property is zoned R-1A. The Washtenaw County location and the combination of agricultural, residential, and potential development uses make this a versatile and attractive investment.

    Property profile
    Verified
    Property type Land
    Lot 39.56 ac (1,723,234 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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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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