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Property profile & analytics
OFF-MARKET
Land

I69 Multifamily Davison, MI 48423

38.15 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 38.15-acre parcel in Davison, Michigan, presents a remarkable multifamily development opportunity. Located near the intersection of Irish Road and I-69, this property boasts convenient freeway access and is zoned for Urban Residential - Master Planned Multifamily. Currently vacant farmland, the site offers approximately 22 buildable acres, with the remaining acreage protected by heavily wooded conservation land to the north and east. High-density residential development surrounds the property to the south and west, suggesting strong potential for increased unit density approval. The seller owns the McDermitt Drive access road leading directly to the parcel, providing convenient access for future construction. Existing nearby developments show unit densities of 12.2 units per acre and 15.8 units per acre, indicating the potential for significant returns. Municipal water and sanitary sewer utilities are available. The property's APN is 05-08-300-009. This prime location, combined with its zoning and access to infrastructure, makes this a truly exceptional investment opportunity. The asking price is $500,000, translating to approximately $13,106.16 per acre.

Property profile
Verified
Property type Land
Lot 38.15 ac (1,661,814 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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