11464 Enchanted Dr, Frederic, MI 49733
This exceptional 2.86-acre commercial land parcel in Frederic, Michigan, presents a unique investment opportunity. Boasting stunning views of Guthrie Lake and a portion of the Enchanted Forest Property Owners Association, this property offers unparalleled natural beauty. The land comprises two large, gently sloping lots, ideal for constructing a walkout building, maximizing the picturesque landscape. Enjoy convenient access to a shared sandy beach, park, pool, and clubhouse, providing recreational amenities for residents or potential clientele. The property's location on a paved county-maintained road ensures easy accessibility, while high-speed internet availability caters to modern business needs. Its proximity to state land and ATV trails adds to its appeal, attracting outdoor enthusiasts. Situated in Otsego County, Michigan, with a 49733 zip code, this property is located at 11464 Enchanted Drive. The asking price for this remarkable commercial land is $10,499. This is an exceptional opportunity to develop a business in a desirable location with stunning natural surroundings and convenient amenities.
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
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.