208 Development Dr Hillsdale, MI 49242
For Sale
This exceptional 3.96-acre parcel presents a rare opportunity for industrial development in Hillsdale, Michigan. Located at 208 Development Drive, this property is zoned I-1, Light Industrial, and boasts convenient access to major highways. The site is just three minutes from Hillsdale Airport, offering significant logistical advantages. All utilities are readily available, making this land ideal for immediate development. The asking price is $79,200, translating to $20,000 per acre. The property's location within a Michigan Certified Business Park provides access to potential tax abatements for qualified users through an established Industrial Development District. The parcel number is 30-006-221-201-02. Hillsdale is a community actively supporting business growth, making this a prime investment opportunity for industrial projects. This is a unique chance to secure land in a thriving area with excellent infrastructure and a supportive local government. The property's strategic location and zoning make it an attractive prospect for a variety of industrial uses. Don't miss this chance to acquire this valuable industrial land in a rapidly developing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.