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    OFF-MARKET
    Land

    850 Michigan 55, Tawas City, MI 48763

    37 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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