1388 Michigan Ave Benzonia, MI 49616
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.