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Property profile & analytics
FOR SALE
Commercial land

1388 Michigan Ave Benzonia, MI 49616

5.09 ac lot
Individually Owned Free & Clear
Property ID
US43-3921075
Property summary
AI-generated overview

This exceptional 1.09-acre commercial property boasts 156 feet of prime frontage on US-31 in Benzonia, Michigan. Its strategic location offers unparalleled visibility and accessibility, situated directly across from a newly developed commercial shopping and business mall. The property is zoned commercial and features city water availability, with natural gas readily accessible. A pre-existing 32 x 100 foot foundation is already in place, significantly reducing development costs and time. The site's proximity to the bustling shopping district further enhances its appeal and potential for a variety of commercial ventures. This presents a rare opportunity to establish a business in a high-traffic area with excellent visibility. The property is conveniently located adjacent to Tractor Supply, providing additional synergy and exposure. This is an ideal investment for entrepreneurs seeking a well-positioned site with significant development potential. The asking price is $260,000. Additional adjacent land is also available for purchase, providing opportunities for expansion or future development. This property is ready for immediate development and offers a strong return on investment. Don't miss this chance to secure a prime commercial location in a thriving area.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 5.09 ac (221,720 SF)
APN 02-504-190-01
UPID US43-3921075
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
ROBERT L WEISBRODT
ROBERT L WEISBRODT
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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