Technical
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Property profile

0 Cadillac Jct Cadillac, MI 49601

OFF-MARKET
Land
22.5 ac lot
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Property summary

AI-generated overview

This exceptional 22.5-acre vacant land parcel presents a remarkable opportunity for commercial development in Cadillac, Michigan. Located at the highly desirable Cadillac Junction, this property benefits from its strategic position at the interchange of US 131 and M-55, ensuring high visibility and accessibility. The land is zoned COMMERCIAL, making it ideal for a wide range of commercial ventures. All municipal utilities are conveniently located on-site, eliminating costly infrastructure development. A significant advantage is the already-installed common storm water detention pond, streamlining the development process and reducing upfront costs. Furthermore, a portion of a Class A road is already in place, further enhancing the site's readiness for construction. The property is relatively level and ready for immediate development, minimizing site preparation expenses. With an asking price of $2,200,000, this represents a compelling land value of $97,777 per acre. The APN is 10-099-00-032-03. This is a rare opportunity to acquire a large, well-situated commercial lot in a growing area. Don't miss out on this chance to establish your business in a prime location with significant infrastructure already in place. The property is located in Wexford County, Michigan, with a 49601 zip code.

Property profile

Verified
Property type Land
Lot 22.5 ac (980,100 SF)

Cap rate & NOI

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

Location

Cadillac Jct Cadillac, MI 49601
Cadillac metro
Google Maps

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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