0 Radiance Dr Ira, MI 48023
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.
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
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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.