2317 M-52, Chelsea, MI 48118
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.
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.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.