Property profile

US-2 St St. Ignace, MI 49781

OFF-MARKET
Land
2.26 ac lot
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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

Location

US-2 St St. Ignace, MI 49781
St. Ignace metro
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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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