Property summary
This exceptional 8.623-acre parcel in Memphis, Michigan, presents a remarkable opportunity for multifamily development. Zoned RM, this property is ideally situated near downtown Memphis and adjacent to local schools, benefiting from a thriving and expanding residential area. The land is conveniently located at 0 Belle River, Memphis, MI 48041 (APN: 04-03-02-151-007), offering immediate access to all necessary utilities at the roadside. This translates to significant cost savings and expedited construction timelines. Surrounded by recently constructed homes, this site guarantees a strong foundation for a successful multifamily condominium project. The property's size and prime location make it an attractive investment for developers seeking to capitalize on the growing demand for housing in this desirable Michigan community. All utilities are readily available at the street, eliminating significant infrastructure hurdles. This ready-to-build site offers a unique chance to create a thriving residential community in a vibrant, established neighborhood. The asking price for this exceptional development opportunity is $799,000.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.