Property summary
This exceptional 0-unit vacant land parcel in the Charter Township of Berlin, Monroe County, Michigan, presents a compelling investment opportunity. Located at 2552 Newport, 48166 (42.005934, -83.329611), this property is currently listed at $599,000. A significant advantage is a secured option to purchase this land within three years by a large company for renewable energy production at a price exceeding the current asking price. This provides investors with a defined timeframe and a clear path to substantial returns, regardless of whether the option is exercised. The property's prime location also makes it highly suitable for residential development, offering a secondary, lucrative potential use. This dual-purpose potential significantly mitigates risk and enhances the long-term value proposition. The property's strategic location and the existing option agreement combine to create a unique investment opportunity with both short-term and long-term growth potential. This is an ideal asset for investors seeking a blend of immediate return and future upside. The three-year timeline allows for strategic planning and decision-making, minimizing uncertainty and maximizing potential profits.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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