Property profile

St. Ignace, MI 49781

OFF-MARKET
Land
Property ID
US43-3528125
6.87 ac lot
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Property summary

AI-generated overview

This exceptional 6.87-acre commercial land parcel is strategically located on busy US-2 in St. Ignace, Michigan, just west of the I-75 and Mackinac Bridge business loop. Situated in Moran Township, this property offers a significant advantage with a lower tax base compared to the city, while still providing convenient access to city water and electricity. The land presents substantial opportunities for commercial development, with potential for splitting into smaller parcels to suit various projects. Several lots offer views of a nearby golf course or proximity to the established business district. This prime location benefits from high visibility and accessibility, making it ideal for a wide range of commercial ventures. The property's asking price represents a substantial reduction from its value a decade ago, presenting a compelling investment opportunity. Mackinac County's status as the gateway to Michigan's Upper Peninsula, a renowned four-season destination, further enhances the property's appeal and potential for strong returns. The property's address is W US-2, St. Ignace, MI 49781, within Mackinac County.

Property profile

Verified
Property type Land
Lot 6.87 ac (299,257 SF)
UPID US43-3528125

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

St. Ignace, MI 49781
St. Ignace metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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