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    OFF-MARKET
    Land

    1 Us Highway 2, Manistique, MI 49854

    1.15 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1.15-acre commercial lot presents a prime development opportunity in Manistique, Michigan. Strategically located on US Highway 2, this property boasts 150 feet of frontage on a paved, year-round Class A road, ensuring high visibility and excellent accessibility. The wide highway features open shoulders and a dedicated center turn lane, facilitating convenient access from both directions. Utilities are readily available, including city water and sewer, natural gas, cable, power, and potentially fiber optic service. The elevated terrain, characterized by sandy soil and mature pines, offers a versatile canvas for various development projects. The property's B-2 General Business zoning allows for a wide range of commercial uses. This parcel, identified by the address Parcel 1 US Highway 2, Manistique, MI 49854, is privately owned and presents a unique chance to establish a thriving business in a desirable location. The lot's high ground and excellent road access make it an ideal site for businesses seeking maximum visibility and convenient access for customers. The APN is currently TBD.

    Property profile
    Verified
    Property type Land
    Lot 1.15 ac (50,094 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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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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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