821 Mill St Clio, MI 48420
This exceptional 1.29-acre property in Clio, MI, presents a unique investment opportunity for builders and developers. The site boasts a prime location on Clio/Mill Rd, offering 134 feet of road frontage. Included are three parcels totaling nearly 14 buildable acres, providing ample space for a variety of projects. Currently, a small home sits on one parcel (Parcel #5123100001), offering potential for renovation or demolition to make way for new construction. The other two parcels (Parcel # 5123300034 and # 182330033) are also included in this sale. The property's 766 square feet of existing building space could be repurposed or removed to accommodate larger-scale development. Given the current housing shortage, this location offers significant potential for the construction of multi-family units, such as condos, tiny homes, or apartments. This is an ideal opportunity to capitalize on the high demand for housing in a desirable area. The property is being sold as-is. Prospective buyers are responsible for verifying all information independently.
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.