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    Property profile & analytics
    FOR SALE
    Commercial real estate

    1 E Main St, Milan, MI 48160

    0.07 ac lot
    Individually Owned Free & Clear
    Property ID
    US43-1649858
    Property summary
    AI-generated overview

    This exceptional 52+-acre industrial property presents a unique investment opportunity in Milan, Michigan. Strategically located at the southwest intersection of US-23 (Plank Road exit), it boasts an impressive 725 feet of highway frontage and an additional 200 feet of Main Street frontage, ensuring unparalleled visibility and accessibility. The property comprises multiple parcels zoned for highway commercial and mixed-use residential development, offering considerable flexibility for a variety of uses. Currently, the land is heavily wooded, featuring a cleared area at the front and adjoining southern parcels used for farming. The property's advantageous location also includes frontage on Gump Lake and borders City of Milan-owned properties. Essential utilities are readily available, with city water, sewer, and natural gas services accessible at the street. The sale includes Parcel ID# 58-53-040-256-00 (Parcel C), and portions of Parcel D and Parcel F (north of the river), ID# 53-040-262-00 and ID# 53-040-264-00, contingent upon land division. This significant landholding offers substantial potential for developers and investors seeking to capitalize on Milan's ongoing growth and prime location along a major highway. The combination of size, location, and zoning makes this a truly exceptional opportunity. The asking price is $1,800,000.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 0.07 ac (3,049 SF)
    Zoning code D-1-W/C
    APN 19-19-35-454-001
    UPID US43-1649858
    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
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    JOHN COLLINS
    JOHN COLLINS
    Zoning & alternative use
    D-1-W/C · Milan, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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