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    OFF-MARKET
    Land

    0 Luick Dr, Chelsea, MI 48118

    12.14 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 12.14-acre parcel, located on Luick Drive in Chelsea, Michigan, presents a unique opportunity for small-scale residential development. Zoned R-1A Suburban Residential, the property allows for the creation of one-acre residential lots, making it ideal for a builder or investor seeking a prime location for new construction. The land boasts sandy soil and is serviced by well and septic systems, simplifying the development process. Situated within the desirable Chelsea School District, this property offers convenient access to top-rated schools. Its strategic location in Lima Township, between Freer and Fletcher Roads, provides easy access to downtown Chelsea's amenities, including hospitals, shopping, restaurants, businesses, and the I-94 expressway. Commuting to Ann Arbor is also a breeze, with a travel time of under 15 minutes. Utilities such as electricity and gas are readily available. An existing easement ensures convenient access via a business driveway. The APN is G-07-18-400-054. This is a rare opportunity to acquire a sizable, well-located parcel in a thriving community. The asking price is $199,000.

    Property profile
    Verified
    Property type Land
    Lot 12.14 ac (528,818 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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