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    OFF-MARKET
    Land

    3601 Shay Lake Rd, Mayville, MI 48744

    76.6 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 76.6-acre property in Mayville, Michigan, presents a unique investment opportunity. Located on a paved road in Tuscola County (APN: 005010000100001), this versatile land boasts a diverse landscape ideal for various uses. Approximately 22 acres are tiled and tillable, with an additional 20 acres of tillable land, half currently used for hay production. A sizable 16-acre pond adds to the property's appeal, providing a tranquil water feature and potential for recreational activities. Over 17 acres of wooded land, selectively cut in spring 2022, offer abundant wildlife habitat and potential for firewood. The hardwood tops remain on the site. The property has shown evidence of waterfowl, turkey, and deer. Several potential walkout building sites overlook the woods and pond. Currently zoned for agricultural use, there is no existing farming lease. The property requires septic installation and has no existing water facilities beyond the pond. This property is priced at $419,000, or $5,861.61 per acre. Don't miss this chance to own a beautiful, multi-use property in a desirable Michigan location.

    Property profile
    Verified
    Property type Land
    Lot 76.6 ac (3,336,696 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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