Property profile

1155 Knight Rd Essexville, MI 48732

OFF-MARKET
Mobile home & RV parks
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Mobile home & RV parks

Cap rate & NOI

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

Location

1155 Knight Rd Essexville, MI 48732
Essexville 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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