Property profile

112 Woodworth St Leslie, MI 49251

OFF-MARKET
Office buildings
Property ID
US43-1402672
30,455 SF 2.4 ac lot Built 1928
Individually Owned 11-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2.4-acre commercial land parcel presents a unique redevelopment opportunity in the heart of Leslie, Michigan. Previously the site of Leslie High School, the existing structure will be razed by the seller, leaving a clean slate for a variety of development projects. The property boasts a highly desirable walkable location, offering easy access to downtown Leslie's amenities and businesses. Its strategic positioning provides frontage on three streets, maximizing visibility and accessibility. The asking price for this prime development site is $199,000. This presents a significant opportunity for investors and developers seeking a substantial land holding in a thriving Michigan community. The property's size and location make it ideal for multi-family residential development, but other commercial ventures are also feasible. Detailed site plans and surveys are available upon request. The address is 112 Woodworth, Leslie, MI 49251. This is a rare chance to acquire a large, well-situated parcel in a growing area, ready for immediate development. Don't miss this chance to shape the future of Leslie. Contact us today to learn more about this exciting opportunity.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1928
Total area 30,455 SF
Lot 2.4 ac (104,544 SF)
Zoning code R1A LO
APN 33-17-14-28-126-016
UPID US43-1402672

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

112 Woodworth St Leslie, MI 49251-9485
Leslie metro Census 6100 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.84M
Blend (final) Blend
$335k

Owner & transaction history

since 2015
2 recorded transactions
2015
Price N/A
2015
Price N/A

Zoning & alternative use

R1A LO · Leslie, MI
Top alternative use upside
Medical building $3.8M +32.1%
Restaurant $3.6M +25.0%
Commercial (general) $3.5M +22.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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