M-24 And M-90 Fostoria, MI 48435
This exceptional 13.6-acre commercial land parcel presents a unique investment opportunity in Fostoria, Michigan. Strategically located at the Northwest and Northeast corners of M-24 and M-90, this property boasts significant frontage on both major roadways: approximately 350 feet on M-90 and 500 feet on M-24, ensuring high visibility and accessibility. The land is comprised of two distinct sections: approximately 4.9 acres zoned R-1 (Agricultural Residential) in the Northwest corner, and approximately 8.7 acres zoned C (Commercial) in the Northeast corner. This dual zoning offers flexibility for a variety of development options. The property's ideal location makes it suitable for a wide range of commercial uses, including retail development such as a retail pad, gas station, or strip mall. With its substantial size, prime location, and dual road frontage, this property represents a rare chance to acquire a highly visible and versatile commercial land parcel in a growing area. The Livingston County location and 48435 zip code add to its appeal. The asking price is $150,000 per acre.
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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