0 Swc Sterns Rd. & Hwy Erie, MI 48133
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
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
Physical attributes from public recordsZoning & alternative use
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Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.