Property profile

850 Michigan 55 Tawas City, MI 48763

OFF-MARKET
Land
37 ac lot
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Property summary

AI-generated overview

This exceptional 37-acre property in Iosco County, Michigan, presents a unique investment opportunity. Located on M55, the main thoroughfare into Tawas City, this land boasts an impressive 2,000 feet of road frontage. The A-1 Agricultural Residential zoning allows for a variety of uses, perfectly complementing the existing structures. The property includes a 1,100 square foot, two-bedroom house, a barn, and four large greenhouses (30' x 100'). Two wells provide ample water resources. Situated just two miles from downtown Tawas City and Tawas Bay, this location offers both rural tranquility and convenient access to amenities. The property's agricultural potential is further enhanced by its suitability for USDA-supported farming of non-GMO, pesticide-free produce. Priced at $450,000, this expansive parcel offers significant potential for residential, agricultural, or mixed-use development. The combination of land, existing buildings, and prime location makes this a truly remarkable opportunity. The property's address is 850 E Michigan 55, Tawas City, MI 48763.

Property profile

Verified
Property type Land
Lot 37 ac (1,611,720 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

850 Michigan 55 Tawas City, MI 48763
Tawas City metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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