580 State Rd, Vassar, MI 48768
This exceptional 2.78-acre commercial land parcel, located at 580 State Rd, Vassar, MI 48768 (APN: 051-018-000-589), presents a unique investment opportunity. Zoned for commercial use, this property offers significant potential for various development projects. The land boasts convenient frontage on two roads, ensuring excellent accessibility and visibility. All city utilities are readily available, simplifying the development process. This property has never been built upon, providing a clean slate for your vision. A survey indicates the land is also divisible, offering flexibility for smaller-scale projects. The asking price is $219,900, translating to a land value of $1.82 per square foot. Please note that the sale is subject to a restriction prohibiting the use of the property for cannabis or marijuana cultivation. This prime location in Tuscola County, Michigan, offers a compelling opportunity for businesses seeking a strategic foothold in a growing area. Serious inquiries are encouraged.
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
Similar Nearby for Sale
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.