Property profile

0 Morrissey Rd Grass Lake, MI 49240

OFF-MARKET
Land
1.37 ac lot
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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

Location

Morrissey Rd Grass Lake, MI 49240
Grass Lake 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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