4285 2 Mile Rd Bay City, MI 48706
This exceptional 6.3-acre property located at 4285 2 Mile Rd, Bay City, MI 48706 (APN: 010-018-300-005-00) presents a unique investment opportunity. Currently zoned for residential use, the land boasts a charming 5-bedroom brick ranch home, complete with a swimming pool and a separate pool house. Further enhancing its versatility, the property includes a horse barn and a dog kennel. The existing structures make it ideally suited for use as a group home, while the expansive acreage offers significant development potential. The property is easily subdivided, with the possibility of creating 7 to 11 additional lots. Infrastructure is already in place to facilitate development, including county storm and sanitary sewer systems, with water readily available in the roadway. The location is highly convenient, with easy access to expressways, shopping centers, schools, churches, and a hospital. The property is also attractively landscaped with numerous trees. This property offers a rare blend of existing amenities and substantial future development possibilities, making it an attractive investment in a desirable Michigan location. The asking price for this remarkable property is $400,000.
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
Similar Nearby for Sale
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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.