0 Morrissey Rd, Grass Lake, MI 49240
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.
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.