580 State Rd Vassar, MI 48768

OFF-MARKET

Land

2.78 ac lot

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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.

Property type Land

Lot 2.78 ac (121,097 SF)

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

580 State Rd Vassar, MI 48768

Vassar metro

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Comparables

6 recent transactions · within 1.5 mi

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