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    OFF-MARKET
    Land

    0 Morrissey Rd, Grass Lake, MI 49240

    1.37 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional offering presents a rare opportunity to acquire a highly desirable light industrial land parcel in Grass Lake, Michigan. Encompassing a total of 3.91 acres, this property is comprised of two contiguous parcels (2.54 acres and 1.37 acres) situated at the corner of Mt. Hope Road and Morrissey Road, offering excellent visibility and convenient access to I-94 Expressway via exit 150. The property is zoned LI (Light Industrial), making it ideal for a variety of contractor or service-based businesses. Key features include 502 feet of road frontage and a depth of 233 feet. Utilities are readily available, with gas and electric services already in place. A well and septic system are also present. The land is easily accessible via a paved road. The asking price for the entire 3.91-acre parcel is $390,000. Individual parcel pricing is also available: 1.37 acres for $175,000 and 2.54 acres for $215,000. Owner financing may be considered for qualified buyers. The APN numbers are 000-10-16-376-002-01 and 000-10-16-376-002-02. This property represents a significant investment opportunity in a rapidly growing area. Don't miss this chance to secure your future in a prime location.

    Property profile
    Verified
    Property type Land
    Lot 1.37 ac (59,677 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
    AI Approach AI
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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