Property profile

1 Plank Rd Milan, MI 48160

OFF-MARKET
Land
112 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 112 ac (4,878,720 SF)

Cap rate & NOI

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

Location

1 Plank Rd Milan, MI 48160
Milan metro
Google Maps

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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