Property profile

1 Plank Rd Milan, MI 48160

OFF-MARKET
Industrial properties
112 ac lot
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Property summary

AI-generated overview

This exceptional 112+/- acre industrial property in Milan, Michigan presents a compelling investment opportunity. Strategically located off Plank Road with easy access to US-23 via Exit 25, this site boasts over 1100 square feet of frontage. Zoned Highway Commercial Services, it's primed for immediate development. City water and sewer eligibility are key advantages, complemented by natural gas availability at the street. A significant portion (18 acres) lies south of the Saline River, remaining within Milan Township. This location benefits from the thriving Milan market and robust population growth. Development studies are complete, and a bubble plan is readily available for review. The seller is open to considering the sale of smaller, individual lots, offering flexibility for various development scenarios. This property represents a rare chance to capitalize on the burgeoning commercial real estate market in Milan. The exceptional highway visibility and convenient access make this an ideal location for a wide range of commercial ventures. Don't miss this opportunity to secure a prime piece of Milan's future.

Property profile

Verified
Property type Industrial properties
Lot 112 ac (4,878,720 SF)

Cap rate & NOI

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

Location

1 Plank Rd Milan, MI 48160
Milan metro
Google Maps

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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