Current Use by Public Records
- Industrial properties
Property Details for 156 Gates St
- Lot size
- 5.20 lot acres
- Property type
- Industrial properties
Description
This exceptional 5.2-acre industrial property in Bruce, MI, presents a unique investment opportunity. Currently zoned RM-1 following a conditional rezoning from R-1-B, the site includes detailed site plans, survey certificates, and condominium plans and elevations, streamlining the approval process for a final site plan. The property comprises 20 total condominium units, configured as a mix of four-unit attached condominiums and duplexes, all featuring attached garages. An existing 3,000-square-foot house is situated on the land. Utilities are a combination of city water and wells, with convenient sewer access. This prime location offers easy walking access to the vibrant downtown Romeo area, known for its diverse selection of bars, restaurants, boutiques, and local entertainment venues. The property's strategic zoning and well-defined plans make it ideal for developers seeking a ready-to-build industrial condominium project. The comprehensive documentation package ensures a smooth transition to the construction phase, minimizing potential delays and maximizing investment returns. This is a rare chance to acquire a substantial industrial property with significant development potential in a thriving community. The existing infrastructure and proximity to downtown Romeo provide a compelling combination of convenience and opportunity. The property's size and layout offer flexibility for various development scenarios, catering to a wide range of potential uses within the industrial sector.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bruce
- County
- Macomb
- State
- Michigan
- Longitude
- -83.0169
- Latitude
- 42.8104
