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Property profile & analytics
OFF-MARKET
Land

0 Swc Sterns Rd. & Hwy Erie, MI 48133

143.25 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 143.25-acre vacant industrial land parcel presents a unique investment opportunity in Erie, Michigan. Located at the southwest corner of Sterns Road and South Dixie Highway, this property boasts a strategic position in Monroe County, just one mile north of the Ohio-Michigan border and 40 miles south of Detroit. The site is zoned I-1 & I-3, allowing for a wide range of industrial development possibilities. Priced at $30,000 per acre, the total asking price is $4,297,500. Its convenient access to major transportation arteries is a significant advantage. I-75 and US-23 are easily accessible, providing seamless connectivity to regional and national markets. Furthermore, proximity to I-80/90 (Ohio Turnpike) enhances logistical efficiency. The potential for a CSX Class 1 rail spur adds another layer of operational flexibility. This property is situated within a business-friendly community actively encouraging development, with potential incentives available from state and local agencies. The parcel's size and location make it ideal for large-scale industrial projects. Detailed due diligence information is available upon request. APN: 036-001-00

Property profile
Verified
Property type Land
Lot 143.25 ac (6,239,970 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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