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Property profile & analytics
OFF-MARKET
Land

0 Radiance Dr Ira, MI 48023

3.3 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 3.3-acre industrial land parcel presents a compelling investment opportunity in Ira Township, Michigan. Strategically located at the northeast corner of Radiance Drive and the north/south boulevard extending from Marine City Highway, this property offers unparalleled accessibility. The asking price is $250,000, translating to a price per acre of $75,757. The site is zoned for industrial use and benefits from a convenient location, just minutes from I-94, ensuring seamless transportation links. This property is situated within the Detroit submarket. Ira Township taxes apply, and qualified applicants may be eligible for tax abatement programs. Further enhancing its appeal, this parcel can be combined with an adjacent 2.39-acre lot, creating a larger 5.72-acre site for expanded development potential. A land contract option is available for qualified buyers, providing flexibility in acquisition. The property includes a parking ratio of 1.4 spaces per 1,000 square feet, should development include structures. This prime location and potential for expansion make this an ideal site for various industrial projects.

Property profile
Verified
Property type Land
Lot 3.3 ac (143,748 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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