Exceptional 112-acre commercial land parcel in Milan, MI, strategically located off US-23 at Exit 25 (Plank Road Interchange). Boasting over 1100 square feet of frontage on Plank Road, this property offers unparalleled visibility and accessibility. Zoned for Highway Commercial Services (HS), it's ready for immediate development. City water and sewer eligibility, along with natural gas availability at the street, simplify infrastructure needs. A bubble plan and completed development studies are available, streamlining the planning process. The property includes 18 acres south of the Saline River, still within Milan Township. This prime location benefits from the booming market conditions and population growth in the Milan area, situated just 20 minutes from Ann Arbor, MI, and Toledo, OH. The seller is open to selling smaller lots, providing flexibility for various development scenarios. This presents a unique opportunity for developers seeking high-impact commercial projects in a thriving Michigan market. The property's proximity to established businesses like Loves Travel Center and DR Trailer Sales further enhances its appeal.
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
Similar Nearby for Sale
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.
