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Property profile & analytics
OFF-MARKET
Land

2435 Mount Morris Rd Mount Morris, MI 48458

25.98 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 25.98 ac (1,131,689 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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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