850 Michigan 55, Tawas City, MI 48763
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
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