Property profile

0 Coldwater Rd Mount Morris Township, MI 48504

OFF-MARKET
Land
38 ac lot
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Property summary

AI-generated overview

This exceptional 38-acre parcel presents a unique investment opportunity in Genesee County, Michigan. Located on W Coldwater Rd in Flint, this property boasts significant frontage on Coldwater Road and approximately 2,000 feet of frontage along I-75, offering unparalleled visibility and accessibility. An estimated 25 acres are buildable, providing ample space for development under the existing M-1 (Light Industrial) zoning. Currently utilized as leased agricultural land on an annual basis, the property generates substantial passive income from three I-75 billboards, yielding approximately $15,500 annually. The asking price for this strategically located land is $400,000. The property's APN is 14-21-100-006. This is a rare chance to acquire a large, well-positioned tract of land with existing income streams and significant development potential in a rapidly growing area. The combination of high visibility, convenient access to major transportation arteries, and established income makes this an attractive proposition for investors and developers alike. Don't miss this opportunity to secure a prime piece of Michigan real estate.

Property profile

Verified
Property type Land
Lot 38 ac (1,655,280 SF)

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant
  • Church
  • Specialty Food Shop Supermarket
  • School District Office
  • Bar & Pub

Location

Coldwater Rd Mount Morris Township, MI 48504
Mount Morris Township 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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