Property profile

404 Main St Brooklyn, MI 49230

OFF-MARKET
Land
8.62 ac lot
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Property summary

AI-generated overview

This exceptional 8.62-acre commercial land parcel presents a remarkable investment opportunity in the thriving M-50 corridor of Brooklyn, Michigan. Located at 404 N Main St, this property boasts high visibility and ample road frontage, situated amongst a diverse range of established businesses. The C-2 zoning allows for a variety of commercial and potentially residential development options, catering to a wide spectrum of business ventures. The property's attractive features include proximity to Goose Creek and benefits from the high traffic volume characteristic of this busy commercial area. Nearby amenities such as a gas station, dental office, veterinary clinic, and childcare facility add to the site's appeal. The parcel's strategic location within the M-50 and M-124 corridor places it at the heart of a community experiencing significant economic and community development initiatives. The Village of Brooklyn Corridor Improvement Authority recently completed a strategic planning process focused on enhancing economic growth along these corridors, potentially offering further advantages to developers. Furthermore, a substantial $425,000 investment is planned for Swain Park, directly across the street, including upgrades to park facilities and playground equipment, enhancing the surrounding area's attractiveness. This property offers a unique blend of immediate commercial viability and long-term growth potential, making it an ideal investment for entrepreneurs and developers alike. The asking price is $279,900. The property is owned by an LLC and is being offered for sale by owner. The property is located in Jackson County, MI, zip code 49230.

Property profile

Verified
Property type Land
Lot 8.62 ac (375,487 SF)

Cap rate & NOI

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

Location

404 Main St Brooklyn, MI 49230
Brooklyn metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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