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    OFF-MARKET
    Land

    2317 M-52, Chelsea, MI 48118

    3.7 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 3.7-acre property in Chelsea, Michigan, presents a unique redevelopment opportunity. Strategically located just south of the city, near I-94's M-52 exit, this land offers unparalleled access to major transportation routes, placing it halfway between Ann Arbor and Jackson. Currently zoned AG - Master Planned Mixed Use, the possibilities are vast, encompassing hospitality, office, industrial, retail, and multi-family developments. The site includes a 2,000 square foot house and an old barn, though the value lies primarily in the land itself. The house is currently tenant-occupied and showings are not permitted. The property is situated within Sylvan Township's sewer and water district, with sewer access approximately 4,000 feet away on McKernan Drive (south of I-94) and water located north of I-94. The existing house utilizes a well and septic system (septic updated in 2015). This offering presents a compelling investment opportunity, further enhanced by the availability of an additional 204.3 acres (74.98 acres to the north and 129 acres to the west) for potential expansion. The property's APN is F-06-24-200-011 and F-06-24-200-010. Asking price is $525,000. Unauthorized entry onto the property is strictly prohibited.

    Property profile
    Verified
    Property type Land
    Lot 3.7 ac (161,172 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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