2435 Mount Morris Rd Mount Morris, MI 48458
This exceptional 25.98-acre vacant land parcel presents a remarkable opportunity for multifamily development in Mount Morris, Michigan. Ideally situated less than two miles from downtown Mount Morris and I-75, this property boasts convenient access to major transportation routes. The land is zoned for multi-family use, offering considerable flexibility in development plans. Existing infrastructure includes sewer access at the street. Development guidelines include High Density Multifamily (HDM) zoning allowing up to 8 units per acre with a maximum building height of 2.5 stories; Medium Density Multifamily (MDM) zoning permitting up to 4 units per acre with a maximum building height of 2 stories; and Low Density Multifamily (LDM) zoning allowing up to 2 units per acre with a maximum building height of 1 story. The asking price for this expansive tract is $649,500, translating to approximately $26,751.34 per acre. This represents a compelling investment opportunity given the location, zoning, and potential for significant returns. Seize this chance to acquire a substantial land holding with exceptional development potential in a thriving Michigan community.
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.