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    OFF-MARKET
    Land

    US-2 St, St. Ignace, MI 49781

    2.26 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2.26-acre commercial land parcel presents a unique investment opportunity in St. Ignace, Michigan. Located on busy US-2, this property boasts breathtaking views of Lake Michigan and the St. Ignace Golf Course. Its strategic location offers significant commercial development potential, with the added benefit of available splits to accommodate various project sizes. Situated just west of the bustling I-75 and Mackinac Bridge business loop, this land enjoys high visibility and accessibility. The property's location in Moran Township provides the advantage of lower taxes compared to city properties, while still offering convenient access to city water and electricity. This prime location is adjacent to an established business strip, ensuring immediate proximity to existing commercial activity. Remarkably, this property is now offered at a significantly reduced price, 70% less than its value a decade ago. Mackinac County, the gateway to Michigan's Upper Peninsula, is a renowned four-season destination, promising a robust and diverse market for commercial ventures. The property's size, location, and price make it an exceptional opportunity for developers and investors seeking a high-impact commercial investment in a desirable location. The zip code is 49781.

    Property profile
    Verified
    Property type Land
    Lot 2.26 ac (98,446 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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