1155 Knight Rd, Essexville, MI 48732
This exceptional 15-acre multifamily land parcel, located at 1155 N Knight Rd, Essexville, MI 48732 (APN 070-049-400-025-00), presents a compelling investment opportunity. Priced at $222,000, this property boasts a prime location with excellent visibility and convenient access to M-25, a Class "A" road. The land is level and ready for development, featuring existing utilities including sewer, water, electricity, and gas. Zoned for multifamily use, this site is situated in a desirable, quiet neighborhood with low taxes and a strong community. Its proximity to the Saginaw Bay and numerous shopping options adds significant appeal. The property's high-end location and easy access to the Thumb of Michigan further enhance its investment potential. The existing infrastructure and multifamily zoning make this a turnkey opportunity for developers seeking to capitalize on the growing demand for housing in this area. Consider the potential for a variety of multifamily developments, given the ample space and convenient access to major roadways. This is a rare chance to acquire a substantial parcel in a thriving community with significant upside potential. The property's size and location make it suitable for a variety of uses, including a potential hospital site, given its accessibility and infrastructure.
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.