0 Dixie Hwy/Benore Rd Erie, MI 48133
This exceptional 97.05-acre industrial land parcel presents a unique investment opportunity in Erie, Michigan, within Monroe County. Zoned AC/Agriculture, the property boasts significant potential for various industrial uses. A key advantage is its prime location bordering Class 1 railroad tracks owned by CSX Transportation. While there's no on-site spur currently, the property shares a nearly half-mile border with the railroad, making the construction of a new spur a feasible prospect, pending coordination with CSX. This proximity to the rail line, coupled with its location just eight miles from a Toledo rail yard, makes it ideally suited for businesses requiring efficient rail transport. The site's characteristics are particularly well-suited for an intermodal yard catering to bulk goods or automotive roll-on/roll-off (RORO) traffic. The asking price is $2,000,000, translating to $21,000 per acre. The property's address is Dixie Hwy/Benore Rd, Erie, MI 48133, and its APN is 030-004-00. This substantial acreage offers significant development potential for businesses seeking strategic access to rail infrastructure and a convenient location. 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
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Property description
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Risks
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