Delta River Dr Lansing, MI 48906
- Land
Current Use by Public Records
- Land
Property Details for 0 Delta River Dr
- Property type
- Land
- Property subtype
- High-rise multifamily apartments
Description
This exceptional 97.86-acre parcel, situated at the intersection of Delta River Drive and N. Waverly Road in Lansing, Michigan's Ingham County (zip code 48906), presents a unique investment opportunity. The property boasts approximately 4,700 feet of river frontage along the Delta River, offering a tranquil setting with easy access to major highways, shopping, and entertainment. Zoned for a mix of residential uses (RB & RC), the site has a pre-planned potential for up to 205 residential units. However, it's important to note that approximately 50 acres fall within a 100-year floodplain. This characteristic, along with the presence of wetlands, makes this land particularly well-suited for development as a senior living community or a multi-family residential complex. The asking price for this expansive property is $2,100,000. Detailed site plans and zoning information are available upon request. This is a rare chance to acquire a large, strategically located parcel with significant development potential in a desirable Michigan market. The property's location offers both natural beauty and convenient access to urban amenities, making it an attractive proposition for discerning investors.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.603
- Latitude
- 42.7628
