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    OFF-MARKET
    Commercial real estate

    110 Spring St, Concord, MI 49237

    1.15 ac lot
    Property ID
    US43-2365905
    Property summary
    AI-generated overview

    This 1.15-acre commercial lot, located at 110 Spring Street in Concord, Michigan (APN 005-11-27-351-002-00), presents a unique development opportunity. Situated on a cleared corner lot at the intersection of Spring Street and Homer Road, the property boasts convenient access to downtown Concord, M-60, and is directly across from the community center, parks, and ball fields. The lot measures approximately 169x276x179x302 feet. Currently zoned residential, this versatile property is suitable for a variety of uses, including business ventures, residential construction, or potentially multi-family development. Utilities including natural gas, community water, and electricity are readily available at the street or on-site. The seller is open to considering a land contract with a minimum down payment of $25,000 and a 24-month balloon payment, subject to seller approval. Cash and conventional financing options are also available. This is an exceptional opportunity to acquire a well-located parcel in a desirable community. Further details are available upon request.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 1.15 ac (50,094 SF)
    APN 005-11-27-351-002-00
    UPID US43-2365905
    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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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