0 Schnipke Dr Ottawa Lake, MI 49267
This exceptional 24.54-acre commercial land parcel in Ottawa Lake, Michigan (APN 15-034-002-40) presents a significant development opportunity. Strategically located with 1,000 feet of frontage on Sterns Road and convenient interstate access, this flat lot is zoned B-2 General Business, allowing for a wide range of uses including truck stops, travel centers, hotels, and restaurants. Utilities are readily available, excluding water (which is proposed). The property's prime location ensures high visibility and accessibility, maximizing potential for any commercial venture. Development incentives are available to further streamline the process. The potential for expansion is enhanced by the proximity of approximately 30 acres of adjacent land. This property offers a unique blend of location, zoning, and potential, making it an ideal investment for developers seeking a high-impact commercial project. The property is situated in Monroe County, Michigan, with a zip code of 49267.
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
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.