1012 Upton Ave, Springfield, MI 49037-7647
This exceptional 2.29-acre commercial land parcel presents a compelling investment opportunity in the thriving city of Springfield, Michigan. Located at 1012 Upton Avenue, this property boasts an I-1 commercial zoning designation, offering a wide range of development possibilities. The convenient location provides easy access to major roads and highways, ensuring excellent visibility and accessibility for any future business. The parcel's size, combined with its prime location near various amenities and businesses, makes it an ideal site for a diverse range of commercial ventures. With its strategic positioning within Calhoun County and a readily available APN (54-310-014-00), this property offers a streamlined path to development. Springfield's growing population and proximity to larger metropolitan areas like Detroit, Ann Arbor, and Toledo further enhance the investment potential. This vacant land is ready for immediate development, presenting a unique chance for investors and developers to capitalize on a burgeoning market. The asking price of $28,000 makes this an attractive proposition for those seeking a high-return investment in a dynamic and accessible location. Detailed zoning information and site plans are available upon request.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
I-1 · Springfield, MISpringfield. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.