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Property profile

0 Monroe Rd Durand, MI 48429

OFF-MARKET
Land
7.27 ac lot
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Property summary

AI-generated overview

This exceptional 7.269-acre vacant land parcel presents a remarkable opportunity for multifamily development in Durand, Michigan. Ideally situated in a high-demand area, the property boasts R-M zoning, allowing for the construction of multi-unit residential buildings. The lot is partially cleared, simplifying site preparation and expediting the development process. Its advantageous location offers convenient access to essential amenities and major transportation routes. Backed up to established Country Village Apartments and Durand Senior Care and Rehab Center, this site benefits from existing infrastructure and a strong residential presence. Within walking distance, residents will find Dollar General, FedEx, Family Dollar, and the Monroe Shopping Center, ensuring convenient access to daily necessities. Furthermore, the property enjoys exceptional connectivity, being just three-quarters of a mile from the I-69 interchange, providing easy commutes to Flint (15 minutes) and Lansing (30 minutes). The property's APN is 020-82-014-008-02. This is a rare opportunity to acquire a sizable, well-located parcel primed for a lucrative multifamily project. The asking price is $139,900. The address is Monroe Rd, Durand, MI 48429.

Property profile

Verified
Property type Land
Lot 7.27 ac (316,638 SF)

Cap rate & NOI

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

Location

Monroe Rd Durand, MI 48429
Durand 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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