Technical
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Property profile

616 Dresden Rd Kalkaska, MI 49646

OFF-MARKET
Land
9.64 ac lot
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Property summary

AI-generated overview

This exceptional 9.64-acre parcel in Kalkaska, Michigan, presents a unique opportunity for industrial development. Located at 616 Dresden Rd, 49646, this property is zoned LIW (Light Industrial & Warehouse), specifically permitting non-open-air cannabis cultivation with unlimited license stacking. This makes it exceptionally well-suited for greenhouse or hoop house operations. The site also offers significant potential for other light industrial and warehouse uses. While currently lacking on-site utilities, water, sewer, and electric connections are readily accessible nearby, simplifying infrastructure development. The property's strategic location offers convenient access to a thriving commercial area, with numerous national and local retailers operating in the immediate vicinity. Furthermore, its proximity to Traverse City (approximately 25 miles, a 40-minute drive to Cherry Capital Airport - TVC) provides excellent regional connectivity and access to Northwest Michigan's premier airport. This versatile property offers a compelling investment opportunity for businesses seeking a strategically located and zoned industrial site in a growing market. The asking price for this exceptional property is $350,000.

Property profile

Verified
Property type Land
Lot 9.64 ac (419,918 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

616 Dresden Rd Kalkaska, MI 49646
Kalkaska metro
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Value estimations

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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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