0 Luick Dr, Chelsea, MI 48118
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.